The implications of this can affect the employee in areas such as Child Support, HELP/HECS Debt repayment and Family Tax Benefit entitlements
Reportable employer super contributions to go on payment summary
Reportable employer super contributions are those contributions your employer makes for you where all of the following apply:
you influenced the amount or rate of super your employer contributes
the contributions are additional to the compulsory contributions your employer must make under any of the following:
super guarantee law
an industrial agreement
the trust deed or governing rules of a super fund
a federal, state or territory law.
For Example - Jane is paid a salary $100,000 gross plus the super guarantee of 9% ($9,000). Jane requests to salary sacrifice $10,000 off her gross wage to her nominated super fund. The Employer now pays Jane $90,000 gross and $19,000 is sent to her super fund.
Jane's reportable super amount on her payment summary at year end is $10,000.
Only report amount greater than $2000 (un-grossed up amount) or $3738 grossed up amount on payment summary. Always use 1.8692 as the gross up factor when reporting on payment summary.
