Year to date verification report - RESC

Question

Hi,

I am doing a check of payroll totals (prior to 30th June) and checking the YEAR-TO-DATE VERIFICATION REPORT. I notice that salary sacrifice superannuation is appearing under TOTAL PAYMENTS - SALARY SACRIFICE (RESC), but not at the bottom of the report under REPORTABLE EMPLOYER SUPER CONTRIBUTIONS (RESC). Is this correct?

Earl_HD · Accepted Answer

Hi @DotAllen1,

Oh, good spotting! Yep, that’s perfectly correct. Salary sacrifice superannuation shows up under TOTAL PAYMENTS - SALARY SACRIFICE (RESC) because, technically, it’s a part of the employee’s payments.

Regards,
Earl