Salary Sacrifice
I have a employee who has reached 75 yrs old in March 2024. I didn't realise there's a age restriction for Salary Sacrifice at 75 yrs old and have still been contributing salary sacrifice for April to June 2024 quarter until an error message was displayed when submitting Superannuation contribution for period April to June 2024. As the fund will not accept the Salary Sacrifice, how do I fix salary sacrifice which has not been that has been recorded in the Income Statement which has not been submitted to the fund.
Hi LeanLoo ,
To rectify the situation, you'll need to make a few adjustments. The best approach is to reverse the pay and then reprocess it. Please see these help articles for detailed information:
Fixing a Pay.
Checking and adjusting superannuation
I hope this helps!
Regards,
Earl
