• 27 Grey Street, Vermont VIC 3133
  • (03) 9877 7117
  • 27 Grey Street, Vermont VIC 3133
  • (03) 9877 7117

Salary sacrifice integrity

 

 

Legislation has also been introduced to prevent employers from using an employee’s salary sacrifice contributions to reduce the employer’s own minimum SG contributions.

Some employers who offer salary sacrifice into superannuation, calculate the minimum SG contribution on the “reduced” salary rather than the “package”.

This change would apply to working out employers’ SG shortfalls for quarters beginning on or after 1 July 2018.

 

 

AcctWeb                                                  

Want to know more?

Do you have a question about something you've read in this article? Need more information? Want to book an appointment? Simply let us know below and we'll get back to you ASAP.