All General super questions posts

Payment of Super in wrong year

Helpneeded — Thu, 27 Feb 2020 09:31:30 GMT

Hi, my former company paid me no super during the financial year 2018/19, but did end up paying what was owed in a lump sum at the end of 2019.
But this means I have 2 years worth of super to be paid during 2019/20, and as a result I will go over the $25K threshold for the year, when I normally do not.
What is the implication of this and is there anyway I can have the lump sum attributed to the year in which I earned it.
Thanks
Steve

Re: Untaxed Superannuation Funds

BrendonBeh — Thu, 27 Feb 2020 05:54:14 GMT

I might also add that one interesting anomoly here is that members of untaxed funds do not have a choice in electing to pay their 15% tax owing on contributions and earnings prior to being subject to application of the untaxed plan cap. If they had this ability then the taxation of excess balances pursuant to the untaxed plan capwould be a lot fairer. For instance - before exiting a fund today a member with an untaxed balance of $1.7M could pay the $255K tax owing to reduce their balance below the cap limit. Instead as it stands today , as I understand the rules - the same member would effectively be liable to pay tax of $310,500K. Is there a policy reason why this is the case?

Re: Untaxed Superannuation Funds

BrendonBeh — Thu, 27 Feb 2020 05:25:28 GMT

Thankyou again Seb. Is there anyone at the ATO who can confirm that the untaxed plan cap rules definitely apply to tax payable up-front from both lump sum payments and the commencement of income streams from constitutionally protected (untaxed) funds? I'm interested to know and understand the policy reasoning for the seemingly harsh treatment of excess balances above cap limits for these untaxed funds which ultimately aim to give bigger growth and balances over time through delayed payment of tax on contributions and earnings, whilst applying a cap threshold below that applying to ordinary transfer balances.

Re: Untaxed Superannuation Funds

SebReiter — Thu, 27 Feb 2020 02:52:30 GMT

Hi again

Oh, ok. An untaxed defined contribution scheme. One of the constitutionally protected funds. I haven't looked at these that closely before.

I assume your understanding of the tax treatment is correct - ie that the tax is payable up-front, even if you choose to start up an income stream from the fund.

The difference between how this works and how the Transfer Balance Cap works is that in your situation the tax is payable at the top marginal rate on the excess. Whereas for the Transfer Balance Cap, an earnings amount is calculated on the excess, and the earnings amount is taxed at 15%. The excess and the earnings must then be moved back out of the pension phase.

Let's say your untaxed amount is $100,000 above the untaxed plan cap. You'll pay tax at 45%, so $45,000 on this $100,000.

Compare this to an excess transfer balance amount of $100,000. For calculation purposes let's say this is made up of $90,000 that exceeded the $1.6m cap, plus $10,000 of earnings calculated on this excess amount. The $100,000 will need to be commuted - ie moved back out of the pension phase. Tax is then payable on the $10,000 earnings amount at 15%, so $1,500 tax. Basically, the excess amount shouldn't have been in pension phase, the earnings on the excess shouldn't have received the 0% concessional rate that applies to pension phase accounts and should have instead been taxed at 15%. So the outcome is trying to replicate the outcome that would have occurred if the excess hadn't happened.

So, very different outcome between the two. They're not trying to be equivalent policies, apart from trying to limit the overall concessional tax treatment that an individual can receive from the superannuation environment.

I'm an ATO employee voluntarily providing my time here

Re: Super paid directly to fund after an SG Charge statement lodged

Snappysam — Thu, 27 Feb 2020 01:15:58 GMT

Hi Chris,

Could I please ask, what if the same situation has occurred but the fund won't refund the money and there is no option to carry it forward as the business was sold. How can you get the ATO to acknowledge that the super has been paid?

According to there statement the super is still outstanding, but it was just paid to the funds direct instead of through the ATO.

Thanks, Sam

Re: Downsizer super contribution

Glenn4802 — Thu, 27 Feb 2020 00:47:01 GMT

As Bruce4Tax has advised, the exchange of the sale contract needs to have happened on or after 1 July 2018. This exchange of contract is the time when both parties sign the sale agreement and typically at or before the time when the deposit is paid. In nearly all cases htis is before the settlement day. So if the contract was signed by both parties in June 2018 (or earlier), with settlement in July 2019 the seller would not be eligible for downsizer contribution.

Re: Downsizer super contribution

Bruce4Tax — Wed, 26 Feb 2020 22:10:59 GMT

We settled on the sale of our property on 4th July 2018. I assume we meet the date restriction for allowing fir a 'downsizer' super contribution? Is that correct?

Yes, but you need to meet all the conditions below.

This means that the super fund needed to receive the contribution, and the downsizer form, no later then 04/07/2018 + 90 days.

From ATO:

Eligibility for the downsizer measure

You will be eligible to make a downsizer contribution to super if you can answer yes to all of the following:

you are 65 years old or older at the time you make a downsizer contribution (there is no maximum age limit)
the amount you are contributing is from the proceeds of selling your home where the contract of sale exchanged on or after 1 July 2018
your home was owned by you or your spouse for 10 years or more prior to the sale – the ownership period is generally calculated from the date of settlement of purchase to the date of settlement of sale
your home is in Australia and is not a caravan, houseboat or other mobile home
the proceeds (capital gain or loss) from the sale of the home are either exempt or partially exempt from capital gains tax (CGT) under the main residence exemption, or would be entitled to such an exemption if the home was a CGT rather than a pre-CGT (acquired before 20 September 1985) asset
you have provided your super fund with the Downsizer contribution into super form either before or at the time of making your downsizer contribution
you make your downsizer contribution within 90 days of receiving the proceeds of sale, which is usually at the date of settlement
you have not previously made a downsizer contribution to your super from the sale of another home.

Note: If your home that was sold was only owned by one spouse, the spouse that did not have an ownership interest may also make a downsizer contribution, or have one made on their behalf, provided they meet all of the other requirements.

Downsizer super contribution

Kneewall49 — Wed, 26 Feb 2020 07:29:40 GMT

We settled on the sale of our property on 4th July 2018. I assume we meet the date restriction for allowing fir a 'downsizer' super contribution? Is that correct?

thanks

Re: Untaxed Superannuation Funds

BrendonBeh — Wed, 26 Feb 2020 06:44:10 GMT

Thanks Glenn much appreciated. I'll use that as a rough guide and await the published figure in due course.

Re: Untaxed Superannuation Funds

Glenn4802 — Wed, 26 Feb 2020 06:33:35 GMT

The cap for the 2020-21 year is likely to be $1,565,000. This amount was calculated using the AWOTE figure published last week and it not official.

Re: Is superannuation payable on time in lieu?

ChrisR — Wed, 26 Feb 2020 06:06:52 GMT

Thanks for your post.

A good way of looking at it is to determine whether SG would have been payable had the employees been paid for the weekend work (example one) or excess time (example two) instead of accruing TOIL.

If the weekend work and excess time was paid at normal rates (not overtime) then it sounds like it is OTE. SG is payable on payments that are considered OTE. In turn, SG would be payable on the resulting TOIL payment.

Hope this helps.

Thanks,

ChrisR

Re: Untaxed Superannuation Funds

BrendonBeh — Wed, 26 Feb 2020 06:03:20 GMT

Hi Seb, thanks so much for your reply, and I appreciate your time as an ATO employee responding. Although it wasnt clear from my question, the untaxed fund I am a member of is actually a defined contribution (DC) scheme, not a DB scheme. And my understanding of the effect of the untaxed plan cap legislation applying in this case is that once I exit my untaxed accumulation fund, regardless of whether I take my benefit as a lump sum or commute it into a income stream in pension mode. As soon as I exit the untaxed accumulation scheme I must pay tax at the highest marginal rate plus medicare levy for any amount over the untaxed plan cap (as I understand occurs with taxed accumulation funds for balances exceeding $1.6M) . I'm not an expert, and I may be missing something obvious, but to my mind the untaxed plan cap works to the same effect an the transfer balance cap in this case. Is this correct? Thanks again for your assistance.

Re: Untaxed Superannuation Funds

SebReiter — Wed, 26 Feb 2020 03:28:23 GMT

Hi BrendonBeh

1. I assume the untaxed plan cap amount website content is updated as soon as possible once we know what the rate for 2020-21 will be.

2. No, the untaxed plan cap isn't trying to be an equivalent policy to the Transfer Balance Cap. The transfer balance cap is about limiting the concessional treatment for super income streams - placing a limit on the ability of individuals to move money into the retirement phase and therefore be eligible for the 0% tax rate applying to earnings on assets underlying the income stream account. For defined benefit members (whether these are fully funded, partially funded, or unfunded defined benefit schemes), there are additional tax outcomes that take effect where the DB pension they're receiving exceeds $100,000 per year. These additional tax outcomes are intended to broadly mimic the Transfer Balance Cap outcomes that apply to members of accumulation funds.

The untaxed plan cap was in place long before the Transfer Balance Cap came along. It applies to the untaxed element taken as a lump sum, paid from a defined benefit account. So it's a lump sum tax as opposed to an income stream tax.

3. They're different policies. And depending on the specific DB scheme, the untaxed element could be nil, or all of the DB interest, or somewhere in between. So someone could have a DB lump sum of $2.5m paid, but the untaxed element is $1.5m, and therefore the additional tax doesn't apply as the untaxed element doesn't exceed the untaxed plan cap.

And no, there are no compounding effects for untaxed amounts in DB funds. They're untaxed because the money hasn't actually been paid anywhere, hasn't been invested anywhere on behalf of members. It's an amount that the employer (usually a State government or the Commonwealth government) is obliged to pay when a member becomes entitled to receive a benefit payment. The amount is then paid from government revenues.

As a general statement, it's not possible to design super policies that have the same impact on DB members as they do on Accumulation fund members. The DB rules are too diverse, there are too many variables in play, in DB schemes it's not clear what someone will receive until they actually leave the scheme - it's actuarial tables and maths to try to estimate what the annual accrual is in a DB scheme. But when introducing new super policies attempts are made to have broadly equivalent outcomes for members of both types of schemes.

I'm an ATO employee voluntarily providing my time here

Untaxed Superannuation Funds

BrendonBeh — Wed, 26 Feb 2020 02:48:22 GMT

1. The ATO website suggests the untaxed plan cap for the forthcoming fiscal year will be published in Feb. Can you advise what this cap will be for 2020.

2. Am I correct that the untaxed plan cap operates for members of untaxed funds is effectively the same as how the transfer balance cap of $1.6m applies to taxed funds? Another way of putting this - the $1.6m transfer balance cap does not apply to members of untaxed funds because they have a lower cap (the untaxed plan cap) for which their excess contributions will assessed for tax treatment.

3. If the answer to question 2 is yes (re the operating effects of the caps) - what is the policy behind untaxed plans having a cap lower than that for untaxed funds? Members of untaxed funds are more likely to have larger balances at retirement age due to the compounding effects of not paying tax over periods of time? Given this shouldnt the untaxed plan cap be greater than, not below the $1.6m balance cap?

Re: Superannuation for Terminated Employee

SebReiter — Tue, 25 Feb 2020 23:08:06 GMT

Hi cshallueato

I'm not clear on the situation. Where is the money coming back from?

If the employee is entitled to SG contributions, they need to be paid into a super account for that employee by the SG due date. If the employee has exercised choice of fund and advised the employer of where they'd like the super to be paid, that's where the payment should be made. If the employee hasn't exercised choice of fund the payment should be made to the default fund of the employer.

If for some reason the employee's account with the default fund has been closed, the default fund needs to open up a new account to accept this payment.

I'm an ATO employee voluntarily providing my time here

Superannuation for Terminated Employee

cshallueato — Tue, 25 Feb 2020 22:29:45 GMT

What do you do with returned superannuation from a terminated employee. The employee has been contacted three times by email and twice by a telephone call and still wont provide his current superannuation fund information so payment can be made. What do you do with the returned funds?

Re: unpaid super

ChrisR — Tue, 25 Feb 2020 05:29:35 GMT

Thanks for your post.

If we haven't advised you that your unpaid super enquiry has been closed, it sounds like the debt collection process is still ongoing. While we try to collect unpaid super as quickly as possible, some cases take longer than others.

For more information about our process when investigating your enquiry, have a look at our website.

Depending on how recently we forwarded your employer's late super payments to your super fund, we may not have formally advised you yet. We deliberately delay issuing a payment confirmation letter to provide your fund time to process it. You should receive something from us soon.

If your former employer goes into liquidation, depending on the circumstances we may still be able to retrieve your unpaid super. We will also formally let you know if that happens.

There are also other ways to claim your unpaid super that you can explore. Our website explains that further.

Hope this helps.

Thanks,

ChrisR

Re: Super

macfanboy — Tue, 25 Feb 2020 00:18:54 GMT

Great response, you should keep that as a macro.

But don't forget the letter of intent.

Re: SG on purchased leave?

TaxedoMask — Mon, 24 Feb 2020 23:55:04 GMT

They pay you SG on the reduced amount.

However when they pay out the annual leave, it should be treated as OTE (at least last time I checked) and so net, it's the same.

Re: Super

SebReiter — Mon, 24 Feb 2020 23:54:51 GMT

Hi Corinne1

As macfanboy says, you can make personal contributions into super and receive a government co-contribution if you meet the eligibility criteria.

At least 10% of your income has to be employment or business income.

You have to be earning less than $38,654 (in 2019-20) to be eligible for the maximum $500 co-contribution - for a $1,000 contribution made by you. ie the government pays 50 cents for every $1 contributed by you.

If you're earning between $38,654 and $53,564 you'll be eligible for a lower co-contribution amount. Eg if you're exactly half way between these two income amounts you'll be eligible for a $250 government contribution - for a $500 contribution made by you.

Besides the co-contribution you can also make a personal contribution to super and claim a tax deduction for it. The super fund will then deduct 15% tax from the contribution but you'll receive a refund at your marginal tax rate.

Working through some numbers. Let's say you're earning $46,154 - exactly half way between $38,654 and $53,564. You contribute $1,500 to super. For the first $500 you want the government co-contribution. For the remaining $1,000 you tell your fund that you intend to claim a tax deduction for that amount in your income tax return.

In your super account you initially have $1,350. That's the $500 personal non-concessional contribution, and the $850 personal concessional contribution after the fund has taken out the 15% contributions tax on the $1,000.

At the end of the financial year you lodge your income tax return. In the income tax return you claim a tax deduction for the $1,000 personal contribution. The ATO also works out your co-contribution entitlement.

The ATO pays $250 to your super account as a co-contribution. You then get a tax refund of $325 for the $1,000 concessional contribution. (The 32.5% marginal tax rate applies to incomes from $37,001 to $90,000).

In summary, for your $1,500 personal contribution you'll end up with $1,600 in your super account, and $325 in your bank account as a tax refund.

I'm an ATO employee voluntarily providing my time here

Re: SG on purchased leave?

Glenn4802 — Mon, 24 Feb 2020 10:16:25 GMT

The SG amounts would be based on your reduced salary. For example, if purchasing four weeks of additional leave meant that your total salary paid reduced from $100,000 to around $92,300, SG would be payable on a maximum of $92,300.

The only time that SG might be payable on an amount higher than your received salary is when you salary sacrifice super contributions.

Whilst the above relates to SG obligations, you should also check your employment agreement as it might allow for a more generous outcome.

Re: Super

macfanboy — Mon, 24 Feb 2020 06:54:41 GMT

Yes you can put money into super if you work for yourself up to $100,000 per year if under 65.

The government will only 'co-contribute' as per Super Co-contribution

Based on your income level and upto a maximum of $500 (only if you don't claim it as a tax deduction).

SG on purchased leave?

KB7 — Mon, 24 Feb 2020 06:48:36 GMT

Hi, can someone confirm whether Super Guarantee is payable on purchased leave. If my Gross PAYG income is $100K and my employer allows me to purchase leave (get additional holidays) my gross annual income will drop by the amount of $ equivalent for the leave taken. Is SG payable on the original income of $100k or the reduced amount?

I cannot see anywhere references to this sort of arrangement as a Salary Sacrifice. I am not receiving a financial benefit of any sort, just getting more time off for which I am not paid.

Look forward to hearing your thoughts and any references.

Super

Corinne1 — Mon, 24 Feb 2020 06:33:04 GMT

If you work for yourself can you put money into super and does the government match it?

Re: Is superannuation payable on time in lieu?

MattH — Mon, 24 Feb 2020 03:36:03 GMT

Hi Chris,

I am seeking advice regarding a similar situation. Employees currently are allowed to accrue TOIL in relation to Non-OTE hrs that is paid at ordinary rate. It also accrues hour for hour, however overtime rates differ depending on the position.

Example 1: we have employees paid well above award rates covered by individual agreements. They are paid at their normal hourly rate for weekend work, which is accrued as TOIL.

Example 2: we have employees paid under an Enterprise Agreement. They are paid at ordinary rates for travel in excess of their ordinary daily hours (in excess of 8hrs per day).

Would these two examples still fall under the definition of an RDO?

Thanks,

Matt

Re: SGC statement

SebReiter — Mon, 24 Feb 2020 01:08:58 GMT

Hi 925deed

I'm sorry you've ended up in this situation.

Yes, the calculation seems correct. It seems to represent interest (at 10%) accruing for over a year (ie from 1 October 2018 until the date the SGC became payable), and the administrative component of $20 per employee, so an additional $3,700 based on 185 employees being involved.

The Super Guarantee law is very clear - if not enough is paid to employee's super accounts before the 28th day of the month following the end of the quarter, SGC will be payable. There's no discretion that can be applied by the Commissioner of Taxation based on the circumstances, based on it being the first time an employer has missed a payment.

And once SGC applies, it's only the administrative penalty amount applied that will vary depending on the situation, how helpful an employer is in providing information to establish the SGC amount, whether the employer has previously not paid SG contributions correctly.

Based on the information you've provided it seems no administrative penalty has been applied in your situation.

The calculation of SGC is set out in law. The $20 admin component can't be waived. The interest amount is calculated from the first day of the relevant quarter - so from 1 October 2018 in this case, even though the payment wouldn't normally have been made until some time in January 2019. This is all set out in law and not something the ATO has any ability to vary based on circumstances.

So the tough stance is baked into the law, not something the ATO has chosen to do. And there are ideological differences that make policy change difficult in this area, as has played out in debates between the major parties whenever suggestions are made for changing how the SG charge regime operates.

Again, I'm sorry you've ended up in this situation.

I'm an ATO employee voluntarily providing my time here.

SGC statement

925deed — Sat, 22 Feb 2020 04:39:32 GMT

I am responsible for the super payments for our company. We lodge and pay our super monthly and most times b4 28th. However, in jan 2019 I forgot to lodge the dec 2018 $45k (oct and nov were paid). When I discovered my error on 21st feb I made the dec payment together with the jan 2019 super. All the super was paid by end of June. We report with STP. In oct 2019 ato contacted us and advised records indicated we had perhaps not paid dec 2018 qtr or paid it late and we should submit a SGC statement. We asked our accountants to lodge this on our behalf and now have a $8,800 debt. There were 185 employees involved. $5,200 of this is interest. Accountants say this is ATO tough stance. Given that our employees receive their super monthly not quarterly I did not feel that had been overall disadvantaged by my mistake. This was a genuine misunderstanding on my part regarding the late payment and a one off - can this calculation be correct?

unpaid super

jlpower — Fri, 21 Feb 2020 22:04:13 GMT

I reported my ex=employer for unpaid super. The ATO investigated and I received 2 payments recently as super guarantee payments. They have since stopped and I am still owed many thousands of dollars. I have received no letter from ATO about what the payments were but assume they are part payments from my ex-employer. My employer has recently been evicted from their building but have not ceased trading. What can I now do about this? I am concerned that my employer will be liquidated and don't know what my options are?

Re: Compassionate release claim

NateH — Fri, 21 Feb 2020 02:22:30 GMT

Hi ,

Once you have lodged the online form we assess your eligibility for compassionate release of super, which can take up to 14 days.

We can't provide you with a progress update during the assessment phase. Once we assess your application, you will receive an SMS text message advising the outcome. You will be advised of the outcome within 72 hours of your application being processed.

To check on the status of your application you'll need to contact us over the phone as we don't have access to your records on this platform.

Thanks, NateH

Re: Unused Long Service Leave - Salary Sacrifice

SebReiter — Thu, 20 Feb 2020 23:59:50 GMT

Not that that's probably much help at the moment, as you'd need to leave your job to have your unused leave paid out.

But maybe worth thinking about when you do leave your job, depending on the situation at the time.

Re: Unused Long Service Leave - Salary Sacrifice

SebReiter — Thu, 20 Feb 2020 23:54:25 GMT

Hi KristyH

Here's a link to the ato.gov.au page about salary sacrifice and salary packaging.

In short, no, you can't sacrifice entitlements that have already accrued. Only future entitlements that accrue can be sacrificed.

However - If you can have this amount paid out to you you'll then be able to make an after tax personal contribution to super, and then claim a tax deduction for this contribution in your income tax return.

Eg You have $5,000 of leave paid to you. You pay tax on this at 37% (as an example). You end up with $3,150 after tax to contribute to your super fund. You then tell your fund that you'll be claiming a tax deduction for this contribution. The fund then treats it as a concessional contribution and taxes it at 15%, leaving $2,677.50 in your super account. In your income tax return you claim a deduction for the $3,150 contribution you made and receive a tax refund of 37% of this amount - $1,165.50. At the end of the day you have $2,677.50 in your super fund, $1,165.50 as a tax refund, and paid tax of $1,157.

If you'd salary sacrificed this amount straight into super the fund would have taxed the $5,000 at 15%. You'd pay a total of $750 tax and have $4,250 in your super account. But you wouldn't have the tax refund of $1,165.50.

The difference between the two scenarios is that with salary sacrifice you don't pay the tax up-front, whereas with a personal contribution you do. If you were to put an additional $1,850 into your super account as well as the $3,150 the outcomes would be exactly the same in relation to what's in your super account and what after tax income you'll have received. So it's a timing question.

Working this through. You put the $3,150 into super, plus an additional $1,850, so a total of $5,000. The fund taxes it at 15%, leaving $4,250 in the super account. You then receive a tax refund of 37% of $5,000, which is $1,850 - the additional amount you put in up-front to make the same $5,000 contribution as in the salary sacrifice scenario.

Apologies for the long answer. The short answer is no, you can't salary sacrifice your unused long service leave to super.

I'm an ATO employee voluntarily providing my time here

Re: Claiming back my super

KylieS — Thu, 20 Feb 2020 22:46:05 GMT

Hi ,

I would contact Home affairs to check on the visa status they have reported.

KylieS

Re: Compassionate release claim

KylieS — Thu, 20 Feb 2020 22:28:43 GMT

Hi ,

Think of it as in progress, it indicates it has been received.

Thanks

KylieS

Unused Long Service Leave - Salary Sacrifice

KristyH — Thu, 20 Feb 2020 07:32:02 GMT

Hi I was just wondering if you can salary sacrifice your Unused Long Service Leave to your Superannuation Fund?

Re: Transition to Retirement (TTR) Income Tax for person over 60 , but less than 65

Bruce4Tax — Thu, 20 Feb 2020 07:10:35 GMT

What are income tax implications for amount up to 10% and the amount over 10%?

Assuming TTR is 100% preserved, paying more than 10% means TTR deemed to cease at the start of that year, and the whole amount is illegal early release.

See:

Paying more than the maximum annual pension payment limit
If a member has only restricted non-preserved benefits or preserved benefits as part of their TRIS, exceeding the maximum annual pension payment limit will be a breach of the super laws as the fund has not adhered to the cashing restrictions that apply to a TRIS.
As trustee, you need to be aware that if you exceed the maximum annual pension payment limit for a year in such circumstances:
- we may make your fund non-complying and penalise you as trustee
- the TRIS ceases for income tax purposes at the start of that income year.
- the member's account balance is no longer seen as supporting a TRIS and any payments made during the year (not just the amount in excess of the limit) will be super lump sums for income tax purposes and lump sums for SIS Regulations purposes
- the lump sum payments are included in the member’s assessable income and are taxed at marginal rates, without any tax offsets. (the payments are treated as early access to the member's super benefits and a breach of the SIS payment standards).
Last modified: 22 Mar 2019 QC 42388

Transition to Retirement (TTR) Income Tax for person over 60 , but less than 65

TC8 — Thu, 20 Feb 2020 04:41:39 GMT

Person over 60 , but less than 65, had one release from TTR in financial year. Person wants another release but would end up being more than 10% for the financial year.

What are income tax implications for amount up to 10% and the amount over 10%?

Thankyou

Re: Returning to work

SebReiter — Thu, 20 Feb 2020 04:24:47 GMT

Hi Rangadad

Yes you can return to work.

The question is what happened when you claimed your super benefit. If you left employment before you turned 60 you would have had to confirm to the fund trustee that you had no intention to ever work again on a full or a part time basis. If this was your intention at the time then it's all good. The law is about the person's intention at the time of applying for the super payment, not about what happens afterwards.

If you left employment after you'd turned 60 then you wouldn't have had to say anything about your future work intentions. Even if you'd intended to return to work a week later the trustee would have been ok to pay the super benefit to you.

I'm an ATO employee voluntarily providing my time here

Re: Superannuation for Casual Employees

SebReiter — Thu, 20 Feb 2020 03:58:11 GMT

Hi NicH

Firstly - depends if there's an award in place under which the person is employed which sets out what superannuation is payable to a casual employee. If there is and the award says super is payable on overtime hours, there's your answer.

Assuming there's nothing in the award about superannuation and we're talking solely about the superannuation guarantee payable for the employee, we need to look at the award to see what it says about the ordinary hours of work for a casual employee.

Have a look at rows 4 to 7 in the first table on this page on ato.gov.au. This lets us know if a payment received by the casual employee is treated as ordinary time earnings (OTE) or as Salary or Wages.

If no ordinary hours are stipulated in the award, all hours will be included in OTE. If they are stipulated and the employee works overtime, the overtime hours aren't included in OTE.

If an employer pays super contributions by the due date, the 9.5% contribution is calculated on an employee's OTE. If an employer misses the due date, the 9.5% super guarantee charge shortfall amount is calculated on the employee's Salary or Wages amount.

Hopefully that all makes sense. As with many things in life, the answer is 'it depends'.

I'm an ATO employee voluntarily providing my time here

Re: Hearing aids

ChrisR — Wed, 19 Feb 2020 23:52:24 GMT

Thanks for your question.

Depending on your circumstances, you may be able to withdraw some of your super on compassionate grounds to pay for your hearing aids. Compassionate grounds include unpaid medical treatment for you or a dependant.

You can read more about super access on compassionate grounds on our website.

We have a report that you can use to support your application. You will need to provide two separate reports. One must be from a registered medical specialist and the other can be from another registered medical specialist or a registered medical practitioner such as a GP.

You can access the Compassionate release of superannuation – Report by registered medical practitioner from our website.

Hope this helps.

Thanks,

ChrisR

Re: Compassionate release claim

Biggiesmalls — Wed, 19 Feb 2020 22:32:59 GMT

Sounds right...

Claiming back my super

Simon101 — Wed, 19 Feb 2020 22:13:37 GMT

I have left Oz and my 457 visa has expired but I am unable to claim my super back online.

When I get through the process it tells me that home affairs does not have me registered as having a WHV.

I had a 457 what can I do?

Superannuation for Casual Employees

NicH — Wed, 19 Feb 2020 07:26:54 GMT

I am currently studying tax accounting and i can't seem to locate the correct answer.

Does a company have to pay superannuation to a casual employee for overtime hours worked.

The information I have read seems to contradict and I am unsure of what the correct answer is

Returning to work

Rangadad — Wed, 19 Feb 2020 05:04:17 GMT

Iam 63 and retired and claimed my full amount of super, am I able to return to part time work.

thanks

Re: TBC figures provide by DB Scheme

ChrisR — Wed, 19 Feb 2020 04:05:13 GMT

Thanks for your post.

is correct. Ultimately you will have to rely on the numbers that your super provider is providing. If you are concerned about the accuracy of their estimates, we recommend that you have a chat with them about it.

For more information about how it will be calculated and what will happen if you exceed your defined benefit income cap, have a look at the transfer balance cap – capped defined benefit income streams page on our website.

Hope this helps.

Thanks,

ChrisR

Compassionate release claim

Narelle1209 — Tue, 18 Feb 2020 08:14:40 GMT

I submitted my early compassionative release claim yesterday it says pending is that right ?

Compassionate release claim

Narelle1209 — Tue, 18 Feb 2020 08:10:43 GMT

My compassionate release claim says pending I submitted yesterday is that right ?

Re: Retirement condition of release - ceasing gainful employment after age 60

ChrisR — Tue, 18 Feb 2020 02:57:36 GMT

Thanks for your post.

As you are in the 60 to 64 age bracket, the retirement condition of release is considered to be met when an arrangement under which you were gainfully employed has ceased.

is correct. While your full time position may have ended, your employment with that employer hasn't ceased. In turn, it doesn't sound like you have met the retirement condition of release.

For general information about when you can access your super, have a look at our website. You can also check out the conditions of release page in the SMSF section of our website. Even if you're not a member of a SMSF, the same concepts apply.

You might also find the Retirement – Establishing whether gainful employment has ceased case study useful. While it isn't the same as your scenario, there are some similarities.

Hope this helps.

Thanks,

ChrisR

Re: Super Co contribution section A3 questions

ChrisR — Tue, 18 Feb 2020 01:15:05 GMT

Thanks for your post.

As long as you are completing the A3 section of the tax return in accordance with the instructions and your super fund has reported your personal contributions to us, we should be able to accurately calculate your eligibility for the co-contribution.

For more information about how to complete the A3 question, you can check out:

A3 Government super contributions 2019 if you are lodging a paper tax return, or
myTax 2019 Government super contributions if you are lodging via myTax.

To be eligible for the co-contribution, you need to meet all of the criteria. To find out more about your eligibility for the super co-contribution, take a look at our website.

You will see that there are two income tests (income threshold and 10% eligible income) that you need to meet.

When we work out what your total income was for the year, we subtract your allowable business deductions. When we work out whether you have met the 10% eligible income test, we don't subtract your allowable business deductions. This should work in your favour.

What we recommend you do is have a good read of the links in this post. You may also want to have a play with the super co-contribution calculator. If you think you should be eligible for the co-contribution, double check that you have completed A3 correctly. If you haven't, you can amend your tax returns.

For more information about how to amend your tax return, refer to the amendment requests page on our website.

Depending on how you go, you may also want to contact your super fund and check that they have reported your personal contributions correctly. You can also give us a call so we can have a look too if you like.

Hope this helps.

Thanks,

ChrisR

Re: Salary sacrifice arrangements from 1 January 2020

Andy_G — Mon, 17 Feb 2020 22:38:40 GMT

Thank you all for contributing to this important question - in summary

Thank you for confirming that the new rule to close the loophole only applies to any amounts sacrificed to superannuation only.

Other salary sacrificed amounts as an example: novated leases , laptops etc.. still can be used to reduce the earnings base on which superannuation guarantee (SG) is calculated.

Re: Salary sacrifice arrangements from 1 January 2020

YujingDeng — Mon, 17 Feb 2020 10:26:33 GMT

Thanks for that. Xero has also updated their system, now we are able to recorded properly, ie pre tax leasing payment will reduce their SGC.

Re: Claiming spouse super on divorce

ChrisR — Mon, 17 Feb 2020 07:08:55 GMT

Hi ,

We have answered this question in another thread. You can check out the answer here: Super on divorces

Thanks,

ChrisR

Re: Super on divorces

ChrisR — Mon, 17 Feb 2020 07:02:00 GMT

Thanks for your question.

There is no automatic entitlement to your spouse's super (or vice-versa) when there is a relationship breakdown. In other words, there isn't a particular percentage that one spouse has to give to the other.

It actually becomes a Family Law matter where a super payment may be divided or split by agreement or court order in the event of a relationship breakdown.

You can find out more about superannuation and relationship breakdowns on our website.

Hope this helps.

Thanks,

ChrisR

Re: Salary sacrifice arrangements from 1 January 2020

KylieS — Mon, 17 Feb 2020 05:55:37 GMT

Hi ,

Appreciate your feedback we have corrected the original post.

KylieS

Re: Salary sacrifice arrangements from 1 January 2020

JohnJohnJohn — Mon, 17 Feb 2020 03:59:10 GMT

Hi KylieS,

The "ATO Certified" Best Answer is still saying that OTE includes any & all sacrificed amounts. Users need to scroll down 10 replies before seeing NicolaC refute the ATO Certified answer.

No wonder clients are confused!

Hearing aids

Kylieh01 — Mon, 17 Feb 2020 03:29:24 GMT

I have been advised by my Super that I can apply to get costs covered for hearing aids (using compassionate grounds), do I need two doctors to verify this or is my hearing specialist adequate to fill in the ATO forms? I do not have a regular GP, the medical centre I go to you see whichever Doctor is available.

Re: Foreign Super

ChrisR — Mon, 17 Feb 2020 02:31:04 GMT

Hi ,

Thanks for your post.

It may be worth having a chat with your overseas pension provider to find out what they mean when they refer to a 'recognised pension plan'. It may be that the overseas provider will only allow transfers to particular super providers in Australia.

The way that this is usually done is the overseas provider transfers your super to an Australian super provider as a lump sum. You are then required to work out the applicable fund earnings and pay tax (or not pay tax) accordingly.

For more information about tax on transfers from foreign super funds, have a look at our website.

After the transfer has been completed, depending on your circumstances and whether a condition of release has been met, you can ask your Australian super provider to start paying you an income stream (pension).

Depending on the rules of your overseas pension provider as well as the rules of the overseas country, you may not be able to transfer your overseas pension to an Australian super provider.

Hope this helps.

Thanks,

ChrisR

Re: TBC figures provide by DB Scheme

mike59 — Sun, 16 Feb 2020 08:58:45 GMT

Bruce4tax

The pension that the DB Fund will be paying is less than $100k thereby keeping me under the $1.6m TBC I won’t be receiving any other form of super pension

Re: TBC figures provide by DB Scheme

Bruce4Tax — Sun, 16 Feb 2020 06:48:41 GMT

That is correct. There are still issues to be aware of.

For example, If the TBC was $ 1.5 M then you cannot start a new account based pension, or market linked, of more than 100 K.

There are also issues with making undeducted undeducted contributions, because the DB pension valuation feeds into your total super balance (TSB) https://www.smsfadviser.com/strategy/17031-quirks-with-the-total-superannuation-balance

Re: TBC figures provide by DB Scheme

mike59 — Sun, 16 Feb 2020 04:09:33 GMT

Bruce4tax,

I think what you are saying is that I shouldn't be too concerned as long as the gross pension amounts shown on the estimates when mutliplied x 16 are less than the $1.6m TBC ?

Re: TBC figures provide by DB Scheme

Bruce4Tax — Sat, 15 Feb 2020 23:45:52 GMT

Is it likely that the estimates would be so different than the actual figures to put me over the TBC and what would happen to me if they are ?

It is not likely that the actual pensions will different. Defined benefit pensions require an actuarial report to the fund trustees before the pension can start, so that is where the estimates are coming from. The initial report sets the pension parameters e.g. initial annual, indexation, reversion, etc, then each year after the fund has to get an actuary provides a report of confidence that the fund can continue to pay the DBP. For members of large DB funds, this all happens in the background.

Re: TBC figures provide by DB Scheme

mike59 — Sat, 15 Feb 2020 23:03:05 GMT

Thanks Bruce4tax my bad typing skills I’m afraid , it is a Defined Benefit Scheme Anyway both estimates do provide an annual pension amount which is understand is multiplied by 16 to give the TBC total figure Is it likely that the estimates would be so different than the actual figures to put me over the TBC and what would happen to me if they are ? I’m relying on the fund to give me accurate figures to work out the best mix & pension and lump sum to ensure this doesn’t happen,there isn’t any way that I can calculate these myself

Re: TBC figures provide by DB Scheme

Bruce4Tax — Sat, 15 Feb 2020 22:18:54 GMT

Assuming DF scheme means a defined benefit pension scheme.

TBC is based on actual events, not estimates, so when the pension starts TBC will be a multiple of the pension paid by the fund.

TBC figures provide by DB Scheme

mike59 — Sat, 15 Feb 2020 03:47:34 GMT

I am 60 years of age, in a DF Scheme and intend retiring at the end of March 2020. The fund has recently provided me with the estimates at my request for taking my super as a mix of pension and a lump sum. Both of these estimates 80/20 ( Pension/lump sum ) and 75/25 ( Pension/lump sum ) place me near to but not exceeding the $1.6m TBC. If the fund has made any mistakes with these estimates and I unknowingly exceed the TBC based on those figures what action will the ATO take against me and what liability lies with the DF Fund providing incorrect figures?

Re: Retirement condition of release - ceasing gainful employment after age 60

Bruce4Tax — Fri, 14 Feb 2020 23:43:46 GMT

That does not sound like a genuine cease of employment.

Might be OK if casual work would need to be limited by agreement to less than 10 hours per week.

Re: Compulsory withdrawing superannuation each year

KylieS — Fri, 14 Feb 2020 05:00:13 GMT

Hi ,

You need to withdraw an amount each financial year.

Check out this page on how to calculate the percentage that you need to drawdown.

KylieS

Retirement condition of release - ceasing gainful employment after age 60

Stuarts — Fri, 14 Feb 2020 04:37:07 GMT

If I am age 61 and working full time and 'resign' from my job but during my notice period agree to stay on as a casual with the same duties have i ceased a gainful employment arrangement? All annual leave will be paid out and as a casual I may not get any hours of work.

Re: Access super due to homelessness

NateH — Thu, 13 Feb 2020 23:09:01 GMT

Hi ,

Unfortunately the early release of your super can only be authorised after 26 weeks on government income support payments.

We would recommend you talk to Centrelink to see what support you may have available for severe financial hardship. Have a look at these pages for a start:

All the best, NateH

Access super due to homelessness

Jade3 — Thu, 13 Feb 2020 21:40:36 GMT

I'm homeless now can I use my super at all I've only been on centre link for 20 weeks

Super Co contribution section A3 questions

Tax2020 — Thu, 13 Feb 2020 05:13:02 GMT

Hi,

I am self employed farmer I have run my business in partnership with my wife for the last 30+ years. We have been making regular small contributions to super. I am under 71 and have a very low super balance. The partnership also has rental property, not negatively geared, which provides income from which we are able to contribute to super. My partner also has income from outside the partnership.

For the last two years I have not received any co contribution payment even though my total assessable income ie net PP(L) and net rental income(P) has been under the ceiling amount.

My partner has received it in both years.

Is this because the business deductions are greater than the business income therefore creating a loss for the partnership business activity

or am I not putting the correct figures in the A3 section of the return ?

Claiming spouse super on divorce

Bazza51 — Thu, 13 Feb 2020 02:39:39 GMT

Hi, just asking the question, if a couple are recognized defacto and have two child under three and split up, what percentage of super is the wife entitled to from her spouse, he is working full time in the military thanks

Super on divorces

Bazza51 — Thu, 13 Feb 2020 02:31:20 GMT

Re: Gainful employment

Bruce4Tax — Wed, 12 Feb 2020 22:44:29 GMT

Does your advice apply to both payments from Centrelink? My payment will be a Carer Allowance.

It is still not employment.

Re: Gainful employment

Rod — Wed, 12 Feb 2020 08:28:41 GMT

Thank you for that information.

i understand there are a couple of different payments - a Carer payment v a Carer Allowance.

Does your advice apply to both payments from Centrelink? My payment will be a Carer Allowance.

Re: Have I retired for Super Purposes?

Bruce4Tax — Wed, 12 Feb 2020 08:25:51 GMT

Am I considered 'Retired' in these circumstances?

No, unless you takes steps to ensure your Uber driving is never going to be more than 10 hours per week or more.

It is arguable that all the time involved should count, not just the time you are paid for.

Or would I be required to cease my Uber driving to be considered so?

Yes, as long as it was a genuine cessation and not a contrived break. Ceasing driving and working at some other job should pass the "ceae position of employment over age 60."

Re: Gainful employment

Bruce4Tax — Wed, 12 Feb 2020 08:19:16 GMT

From a Onepath fact sheet:

Centrelink Carer Payment recipients
The receipt of Carer Payment from Centrelink will not constitute gainful employment.
While it may be argued that Carer Payment constitutes gain or reward in recognition of personal exertion, it remains that
the individual is not employed or self-employed and therefore fails to satisfy the gainful employment definition. That is, an
individual who is in receipt of Carer Payment is not engaged in an employment arrangement with the Australian government.

What is gainful employment?
Gainful employment for superannuation purposes is defined
as being employed or self-employed for gain or reward in any
business, trade, profession, vocation, calling, occupation
or employment.

Have I retired for Super Purposes?

JamesF1 — Wed, 12 Feb 2020 05:25:10 GMT

Just turned 60. Preservation age was 55. My income is mostly franked dividends and some bank interest. I drive Uber for 8-10 hours a week making me a self employed contractor. I will not be returning to the paid workforce.
I wish to create an allocated pension and draw the minimum. Am I considered 'Retired' in these circumstances? Or would I be required to cease my Uber driving to be considered so?

Gainful employment

Rod — Wed, 12 Feb 2020 05:11:42 GMT

Shortly, I will be looking after an elderly friend coming home from hospital after major surgery. I will be looking after him every night for the next 4 weeks. Centrelink will pay me a non taxable Carers Allowance while I provide this care.

i am 69 years of age.

Does my care & the Centrelink allowance meet the requirement for “gainful employment” so that I can make further contributions to my superannuation?

Foreign Super

Jones — Wed, 12 Feb 2020 02:27:20 GMT

Hi - I used to work overseas (not UK not NZ) and am trying to transfer a pension into my Australian super accounts. I am aware of the tax implications but the problems is my 2 (well known) Australian supers will not receive roll overs from an overseas pension plan and the overseas pension will not release a lump sum but only to a recognized pension plan. Has anoyne else had these problems and found solutions?

Compulsory withdrawing superannuation each year

mauyork — Tue, 11 Feb 2020 08:10:42 GMT

I have retired and have chosen not to do a allocated pension from my superannuation. How much and when do I have to withdraw 4% ? ( is this correct) each year or tax year?
Thank you
MY

Re: acess of super

SebReiter — Tue, 11 Feb 2020 05:47:48 GMT

Hi Chris

Sorry to hear about your situation.

Unfortunately it's unlikely you'll be able to access your super.

There are limited conditions under which people can take their super out early. Here's a link to the ato.gov.au page that covers these.

You need to have been receiving government income support payments for 26 continuous weeks to be eligible to apply for a release of super on the grounds of severe financial hardship.

And access on compassionate grounds is only available in a small number of specified situations - such as for medical treatment or for making a loan payment so that you don't lose your home.

So, have a read, but from what you've described it unfortunately doesn't sound like you'll be eligible to have your super released at this point.

I'm an ATO employee voluntarily providing my time here

Re: Lost/found super not worth chasing!

Deejay — Tue, 11 Feb 2020 03:08:23 GMT

Here's an update for the record books,

I am waiting to get a letter containing an application form to release my monies, & I just received a letter from the ATO stating

" "Based on the onformation you gave us,we were unable to fimd any lost accounts or inactive accounts, or active accounts for you"

So the lost super that we found 1 week ago is now GONE ???

Where did it go ?

What a joke

Re: Regarding excess concessional contributions

rajvenka — Tue, 11 Feb 2020 01:06:35 GMT

Thanks again for your guidance

Re: Regarding excess concessional contributions

ChrisR — Tue, 11 Feb 2020 00:45:41 GMT

Thanks for your reply.

You can give us a call if you want to find out where your application is at.

The super enquiries number can be found on the phone us page of our website.

Thanks,

ChrisR

Re: Regarding excess concessional contributions

rajvenka — Tue, 11 Feb 2020 00:41:57 GMT

Thanks for your reply.

just requesting your guidance here. I have not received the email saying its under process or something so that i can be more confident that my request is taken for considerations.

Should i wait few more days to get the response from ATO or should i ring the help desk to further information.

I have to do the payment in march so looking for the response from ATO before to payment due date.

Re: Regarding excess concessional contributions

ChrisR — Tue, 11 Feb 2020 00:39:25 GMT

Thanks for your reply.

We usually aim to provide a response to an excess contributions determination application within 28 days. Sometimes it can take longer, especially when we receive lots of applications.

If you haven't heard from us yet, we will do our best to provide you with an outcome as soon as possible. We understand that it can be frustrating when you have been waiting a couple of months for a response. We really appreciate your patience.

Thanks,

ChrisR

Re: SG Opt-out

SteveKing — Mon, 10 Feb 2020 22:30:30 GMT

Hi ,

Thank you for your answer.

Kindest regards,

Steve

Re: Work test exemption for recent retirees

Mab_n — Mon, 10 Feb 2020 09:39:29 GMT

Thanks very much for your reply - much appreciated.

Re: Work test exemption for recent retirees

Bruce4Tax — Mon, 10 Feb 2020 07:43:44 GMT

under 'Total Superannuation Balance' fund (1) is in excess of $300,000. This total I assume is the calculated value of my pension, although I do not have a lump sum in that fund. Am I eligible to make a contribution to fund (2)? Any help would be appreciated.

Your total super balance includes the calculated balnce of every fund that you are a member of, so this sounds like you cannot contribute because your total was over $ 300 K at 01/07/2019.

Re: SG Opt-out

KylieS — Mon, 10 Feb 2020 05:19:21 GMT

Hi ,

Looking at the information on our website it sounds like you may be eligible.

There is also information to tell you what you need to do.

KylieS

Re: terminated from my job is there an account i can move my super to

NateH — Mon, 10 Feb 2020 04:32:37 GMT

Hi ,

We have some information on how to access your super early if you are under severe financial hardship.

Hope this helps. Thanks, NateH

Work test exemption for recent retirees

Mab_n — Mon, 10 Feb 2020 02:13:20 GMT

I am 73 and meet the required work requirements for the previous financial year to make a contribution to my superannuation under the new regulations. I am not sure however how the total superannuation balance is calculated for the purpose of making this contribution. I know that the requirement to make that contribution is for my superannuation to total under $300,000. I am in two schemes - (1) is a NSW government defined benefit pension scheme that has paid a pension since I retired from the full time workforce and (2) is a scheme I have made contributions to when I continued to work after retirement. My superannation in the ATO site under 'Fund details' only shows the funds in scheme 2 where the total is well under $300,000. The NSW government pension scheme (fund 1) does not show any amount under 'Fund details'. However, under 'Total Superannuation Balance' fund (1) is in excess of $300,000. This total I assume is the calculated value of my pension, although I do not have a lump sum in that fund. Am I eligible to make a contribution to fund (2)? Any help would be appreciated.

Re: Superannuation for Rideshare Service

TaxedoMask — Mon, 10 Feb 2020 01:55:50 GMT

Please note that income from ride sharing is considered a business income so paying super is optional.

You can explore contributing to your super fund via concessional (you get a tax deduction for this but subject to $25k cap) or non-concessional contributions (after-tax money contributed subjected to 100k cap pa. or up to $300k over 3 years using the bring forward rule).

Your super fund will help you with the required forms and details as mentioned.

acess of super

chriscam82 — Sun, 09 Feb 2020 07:14:43 GMT

hi
so i was tring to see if i could acess my super
i dont know how it all works and i had contacted Cbus in nov and they have been sending me wrong forms and trailed off emails that are just generic
i have files a complaint and thats being looked into
i work for myself and end of last year i had 2 customers decide to not pay me and left me short 12,000
so i was really struggling to catch up when i contacted Cbus first but after they screwed me around and finally telling me i have to go through ATO has just left me danglining around
I have bills to pay a bunch of rent due and i cant seem to catch up with what im making im working 7 days a week but just cant seem to catch up them 2 customers not paying me has lesft me so far behind this is my last avenue before declaring bankrupt and i dont want to do that

can anyone help me and explain how it all works and if there is anyways i can acess my super

thank you
chris camilleri

Re: Lost/found super not worth chasing!

Deejay — Sat, 08 Feb 2020 04:28:30 GMT

... & you wonder why people hate the Aus gov & the ATO.

Re: Superannuation for Rideshare Service

Bruce4Tax — Fri, 07 Feb 2020 22:10:59 GMT

Talk to your super fund.

Superannuation for Rideshare Service

pahmad — Fri, 07 Feb 2020 14:52:33 GMT

When I am earning money by providing Rideshare against my own ABN, how would I contribute to my Superannuation? Rideshare is my partime job while holding a fulltime job where my employer pays my standard Superannuation.

Re: Lost/found super not worth chasing!

Deejay — Fri, 07 Feb 2020 08:15:44 GMT

I got a call from the ATO to try & resolve this issue.

I can get the money but STILL need to provide documentation from Centrelink regarding my disability payments & the length of time received, then return it & the ATO's application form.

Ironically I'm told my current income status is visible on the ATO's system, but I still need to supply the paper docs.

As I've ripped up the ATO's application form & binned it, they now offer to post me one & include a free return post envelope, & I was also told I am not required to fill out any medical info as my disability payments are visible on the ATO's system.

However... I am now told I have only 1 amount of monies with the ATO, about $150 & that will be subjected to %16 tax before it hits my bank account. The other $40 amount that was initially mentioned to me has apparently been sent to a super fund that can only be identified by a code. That money was sent to that fund years ago & the ATO couldn't confirm if that super fund even still exists.

So now, confused about everything including what I'm owed, for the measly sum of about $140?, I need to go to centrelink again to get doc, wait a week for the ATO's app to arrive, fill out & go post it... then wait some more & see what happens?

The moral to this story, even when Gov states "no hoops to jump through", life still feels like an unending Equastrian event.

I am sorry I even called the ATO to ask !!

Re: Lost/found super not worth chasing!

KylieS — Fri, 07 Feb 2020 06:35:02 GMT

Hi ,

This is a frustrating situation for you.

We would like to try and assist you please check the email inbox that you used to register for ATO Community.

KylieS

Re: Lost/found super not worth chasing!

Deejay — Fri, 07 Feb 2020 04:32:46 GMT

I will lay down a challenge for you Chris, or anyone who thinks they can beat the ATO.

With this statement in mind- "For example, you have mentioned that we hold two amounts that total $220. If both amounts are unclaimed super money and each amount is less than $200, you are eligible to claim both without supporting documentation." -

I can confirm both amounts are late payments from previous employers, sent to the ATO as "unclaimed monies" & "late employer contribution".

Now the challenge, I have asked the ATO to relaease the funds & was told NO, so feel free to better that result. I won't hold my breath!

Best of luck !!!

Re: Lost/found super not worth chasing!

Deejay — Fri, 07 Feb 2020 03:56:51 GMT

Here's the facts Chris,

I have called the ATO. Was on the phone for some 40 mins.

Even though the 2 amounts I have ($40 & $180) fit the criteria for an immediate payment, I was told NO, that cannot be done.

Not a Chinese whisper Chris... that was from the collective horses mouth!

So I got the application I was told to get only to read that I need 2 independant doctors to sign off on the application. I DON'T HAVE 2 DOCTORS!.

The ONLY other medical proffession that has the authority to state my condition is neurology, & in Tasmania trying to get an appointment with a neurologist is at least a 6 month wait & depending on where that appointment is offered, I could have to drive to Hobart just to get a document signed. That is a 6 hour round trip minimum & bare in mind my back seizes up after about 10 minutes in a seated position.

So, what I have learnt about this application process, I simply cannot get that money unless the ATO authorize an immediate relase of funds.

This is just another stab in the back from our "free" democratic government. I hate this world & the way it operates.

I get screwed over & around every single time I have to use any government service. It seems their first priority of business is to make life as difficult as humanly possible at every possible turn.... & you people wonder why I choose not to give a .....!!

YES, the ATO's own policies state, an amount of less than $200 can be released... but not for ME apparently!