Reportable Employer Super Contributions

Super Contributions - A Grade Tax

We are receiving enquiries from employers and employees regarding the amount to include on the 2010 PAYG Payment Summary for "Reportable Empoyer Superannuation Contributions".

Reportable employer super contributions are those contributions you make for an employee where all of the following apply:

• your employee influenced the rate or amount of super you contribute for them
• the contributions are additional to the compulsory contributions the 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.

In other words - all amounts an employer pays into a superannuation account for an employee under a salary sacrifice arrangement.

Please contact (02) 4731-1405 A Grade Tax Accountants Penrith for all your accounting and taxation services, superannuation advice and tax planning.

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