Hey,
Im currently in the process of moving my super to another fund and want to make sure everything is squared up before I start opening new accounts. Ive exported my full transaction history of the only super account I've had since starting work in 2019. From this transaction history I've found that the super amount on my income statement is different to the employer contributions amount both in the ATO website, and for some financial years the amount received by my actual super account varies from both of these figures.
For example in the 2020-2021 financial year (I'm using modified figures that dont match my own but show the same trends):
- $1900 is listed on my income statement as Employer superannuation contribution liability
- $2200 is listed in the employers contributions section of the ATO website
- $2100 was actually received by my super account
For the 2020-2021 financial year I only held one employer and made no contribibutions to the fund, only my employer added funds to the account.
In every year I've worked these 3 amounts never line up, there is always some difference in the amount shown on my income statement, in the amount in the employers contribution section, and whats actually been received by my account. This has only happened for the one employer, the 2 other companies I've worked for do not have discrepencies in the amounts.
For the 2023-2024 I have not received any super contributions at all, which from my understanding means theyve missed one quarter completely and are coming up on the due date for the second quarter. The reason I've been looking so hard into the balance is because a former coworker was not having salary sacrificed contributions paid to his super fund despite having them deducted from his payslip.
Can I please have some guidance on why the numbers aren't matching and why I'm yet to receive any contributuions this year.
Kind Regards
6,819 views
1 replies