Salary Sacrifice
We have one employee requested salary sacrifice super since last year. I didn't find any problem before, but when lodging IAS (wages) I found ATO prefilled total gross wages are short by the sacrifice amount today. Can someone let me know which figure I should report- total gross wages including salary sacrifice or net one? thank you
Hi TIM17,
When lodging the IAS and reporting total gross wages, you should report the total gross wage amount before the salary sacrifice deduction. The ATO prefilled total gross wages may appear short by the salary sacrifice amount because salary sacrifice is a pre-tax deduction and reduces the gross wages reported. Therefore, you should report the total gross wage amount, which includes the salary sacrifice amount, to ensure accurate reporting.
I hope this helps!
Regards,
Earl
