thread: Reportable Super contributions?

Hybrid View

Previous Post Previous Post   Next Post Next Post
  1. #1
    BellyBelly Life Subscriber

    Feb 2006
    melbourne
    11,462

    Reportable Super contributions?

    so im updating DH's income on the online centerlink site and it mentions reportable super contributions. what is it?
    on DH's tax return the amount under this heading is only around 4% of his income
    im confused

  2. #2
    Registered User

    Dec 2005
    5,951

    Have a look at this link from the ATO website Employer guide for reportable employer superannuation contributions (RESC)
    Basically, it's when an employee salary sacrifices or pays voluntary super contributions.

  3. #3
    Registered User

    Dec 2005
    In Bankworld with Barbara
    14,222

    Yeah, that is only new. If you salary sacrifice into superannuation, then it counts as total income so you have to let centerlink know.

  4. #4
    BellyBelly Life Subscriber

    Feb 2006
    melbourne
    11,462

    aarrrhhhh i see so i'll loose money

  5. #5
    Registered User

    Dec 2005
    In Bankworld with Barbara
    14,222

    Unfortunately you might. I don't think I lost much though, DH only sacrifices around $400 a month and it didn't affect our payments too much.

  6. #6
    BellyBelly Life Subscriber

    Feb 2006
    melbourne
    11,462

    thanks trill and jodi!