LSL paid as Salary Sacrifice

Lorrain Zimmerman
Lorrain Zimmerman Member Posts: 5 Reckoner Reckoner
in Accounts Hosted

We are terminating an employee and they have requested that the LSS be paid as a Salary Sacrifice to their super, how do I process this payment?

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  • Acctd4
    Acctd4 Accredited Partner Posts: 3,868 Reckon Accounts Hosted Elite Expert Reckon Accounts Hosted Expert
    edited June 2024

    Unfortunately, this is generally not permitted as it doesn't meet the conditions of an “effective salary sacrifice arrangement” eg it would need to have been a written agreement in place prior to the leave accruing 😬

    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 *

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