Deductions - Salary Sacrifice (to Super Fund, OTE)
Jan 28, 2025
1947
Salary Sacrifice (to Super Fund, OTE)
🎯 The reporting of payments for Salary Sacrifice (to Super Fund, OTE) are now included per the Australian Taxation Office Single Touch Payroll Phase 2 guidance. Salary Sacrifice (to Super Fund, OTE) is reported separately under Salary Sacrifice Type Code = S.
🎯 If you are unsure if this Pay Type applies to your circumstances, please refer to the Payee's Employment Contract or obtain advice from either the Australian Taxation Office or Fair Work Ombudsman.
Salary Sacrifice (to Super Fund, OTE) is applicable when you have established an effective salary sacrifice arrangement and the Payee requests to forego part (either percentage or dollar value) or all of their salary or wages which the Payer contributes into their Superannuation Fund at the end of the reporting period. Please visit the ATO's Website to learn more about Salary Sacrifice to Superannuation and the requirements for an effective salary sacrifice arrangement.
Payments with this Deduction use the $ (or % of Rate Per Hour) set within the Deduction and Leave Entitlements are not applicable. These payments are considered W1 (Total of Salary, Wages & other payments), Taxable and OTE (SGAA).
