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Super contributions from employer

Discussion in 'Accounting & Tax' started by thesuperman, 29th Aug, 2016.

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  1. thesuperman

    thesuperman Well-Known Member

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    Are super contributions received from an employer reportable in the financial year the employer puts it on your payslip or the financial year it hits your bank account? Eg. Employer reports it on 24th June but in fact pays it to you on 8th July.
     
  2. thesuperman

    thesuperman Well-Known Member

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    Or even if on the payslip it's reported in April but you don't get it until July in the next financial year.
     
  3. thesuperman

    thesuperman Well-Known Member

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    Thoughts by anyone?
     
  4. Terry_w

    Terry_w Solicitor, Finance Broker, CTA Business Member

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    It would be when received by the trustee that counts for the fund.
     
  5. thesuperman

    thesuperman Well-Known Member

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    Ok great, so just run off the SMSF bank statements showing when the super contributions arrive in the bank, not when the employer puts them on the payslips which could be 3 months before actually receiving it.
     
    Perthguy likes this.