Salary sacrifice and workers comp declaration

Kris_Williams
Kris_Williams Member Posts: 4,108 Reckon Hall of Famer Reckon Hall of Famer

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

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Answers

  • Acctd4
    Acctd4 Accredited Partner Posts: 4,066 Reckon Accounts Hosted Elite Expert Reckon Accounts Hosted Expert

    Itโ€™s normally considered part of the remuneration so usually itโ€™s included. However some insurerโ€™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 ! *** Bookkeeping & 1-on-1 customised software Training/Troubleshooting ***

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    (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: 4,108 Reckon Hall of Famer Reckon Hall of Famer

    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: 4,108 Reckon Hall of Famer Reckon Hall of Famer

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

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