Salary sacrifice and workers comp declaration

Kris_Williams
Kris_Williams Member Posts: 3,812 Reckon Accounts Hosted Elite Expert Reckon Accounts Hosted Expert
in Accounts Hosted

Salary sacrifice does not get added to Gross and Super for the wages declaration - correct?

Answers

  • Acctd4
    Acctd4 Accredited Partner Posts: 3,868 Reckon Accounts Hosted Elite Expert Reckon Accounts Hosted Expert

    It’s normally considered part of the remuneration so usually it’s included. However some insurer’s/states may differ on this so check the insurer declaration info on what to include.

    Shaz Hughes Dip(Fin) ACQ NSW, MICB

    *** Reckon Accredited Partner (AP) Bookkeeper - specialising EXCLUSIVELY in Reckon Accounts / Hosted ! ***

    * Regd BAS Agent (No: 92314 015)* ICB-Certified Bookkeeper* Snr Seasonal Tax Consultant since 2003 *

    Accounted 4 Bookkeeping Services

    Ballajura, WA

    shaz@accounted4.com.au

    https://accounted4.com.au

    (NB: Please give my post a Like or mark as Accepted Answer if I have been able to resolve your query as this helps others when seeking solutions!)
  • Kris_Williams
    Kris_Williams Member Posts: 3,812 Reckon Accounts Hosted Elite Expert Reckon Accounts Hosted Expert

    Ok thank you Shaz, will look further into it

  • Bruce
    Bruce Member Posts: 444 Professional Partner Professional Partner

    It does get counted for workcover and payroll tax purposes in Victoria

  • Kris_Williams
    Kris_Williams Member Posts: 3,812 Reckon Accounts Hosted Elite Expert Reckon Accounts Hosted Expert

    Thanks @Bruce I’m in NSW and I think the client has decided to include it just to be on the safe side

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