Forum Discussion

Kate_Beaumont's avatar
Kate_Beaumont
Contributing User
3 years ago

Salary Sacrifice amount included in gross wages - how to fix at end of year

Just about to finalise end of year STP reporting and found that the amount salary sacrificed through the year for 2 employees has not deducted from the gross wages as it should have. This is non supe...
  • gavin12345's avatar
    gavin12345
    3 years ago

    Hi Kate_Beaumont  and Alby97 

     

    If you check the ATO website for STP Phase 2 - salary sacrifice, you will see that Gross Amount must now be the pre-salary sacrifice gross amount as this is what SG should be based on. The ATO will deduct the Salary sacrifice amount from the Gross Amount to arrive at the correct Taxable Income. This is one of the many differences in Phase 2.

     

    Regards

    Gavin