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RhondaC1's avatar
RhondaC1
User
2 years ago

EOFY

I am checking the verification Report for EOFY and everything is correct except the Salary Sacrifice  is still in the Gross Payments as well as being listed in the RESC.  How do I correct the Gross payment 

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  • TraceyIssa's avatar
    TraceyIssa
    Partner
    2 years ago

    I am having the exact same problem. I have double checked the set up and seems to be right, the super is set as RESC but it is still being included in gross payments. This flows into my STP reports too.

    • gavin12345's avatar
      gavin12345
      Ultimate User
      2 years ago

      HI TraceyIssa  and RhondaC1 

       

      If you check the ATO website for STP Phase 2 - salary sacrifice, you will see that Gross Amount must now be the pre-salary sacrifice gross amount as this is what SG should be based on. The ATO will deduct the Salary sacrifice amount from the Gross Amount to arrive at the correct Taxable Income. This is one of the many differences in Phase 2.

       

      Regards

      Gavin

      • TraceyIssa's avatar
        TraceyIssa
        Partner
        2 years ago

        Thankyou Gavin, right you are. I checked my personal summary in my own my.gov and the taxable income is correct. I didnt know that was a change, thankyou so much for sharing that information. Much appreciated.