Loading
This thread is archived and the information may not be up-to-date. You can't reply to this thread.
PayrollDeanne(Taxicorn)Taxicorn
28 June 2024

Hiya @LynneT 👋


Because the ATO requires that effective salary sacrifice arrangments apply to future income only, the issue becomes about the basis of the "annual incentive payment". For example, if it applies to work you performed before you terminated, if the salary sacrifice arrangement wasn't in place before the work that is considered for the bonus was actually worked, you cannot now sacrifice it: after the event.


If the arrangement was in place BEFORE you worked the hours to which the bonus relates, then it may be sacrificed to super, if your super fund is still active and open to employer contributions.


Deanne

60 views
0 replies
60 views
0 replies
Loading
RE: Having a bonus sacrificed to super after termination | ATO Community