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jimnastic(Newbie)Newbie
3 Aug 2024

Did I make a mistake with my returns?

I entered my entire employer super contribution in the "Reportable employer superannuation contributions" field over the last few years.

Was this a mistake? What should I do to correct this?


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145 views
1 replies

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Taxduck(Taxicorn)Taxicorn
4 Aug 2024

Yes. This was a mistake. Employer contributions under super guarantee are not reportable. See link

Identify reportable employer super contributions | Australian Taxation Office (ato.gov.au)

This mistake will not affect your taxable income (and the tax you pay on it) but it will increase your rebate income. Rebate income is used for student loan compulsory repayment amounts and Medicare Levy Surcharge repayment income and can affect other Government payments (e.g. Family tax benefit).

You can lodge amendments (time limit of 2 years). Tax returns older than 2 years, lodge an objection first. Link explains

Time limits on tax return amendments | Australian Taxation Office (ato.gov.au)

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Most helpful reply

Taxduck(Taxicorn)Taxicorn
4 Aug 2024

Yes. This was a mistake. Employer contributions under super guarantee are not reportable. See link

Identify reportable employer super contributions | Australian Taxation Office (ato.gov.au)

This mistake will not affect your taxable income (and the tax you pay on it) but it will increase your rebate income. Rebate income is used for student loan compulsory repayment amounts and Medicare Levy Surcharge repayment income and can affect other Government payments (e.g. Family tax benefit).

You can lodge amendments (time limit of 2 years). Tax returns older than 2 years, lodge an objection first. Link explains

Time limits on tax return amendments | Australian Taxation Office (ato.gov.au)

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Entered entire employer super contribution as "Reportable employer superannuation contributions" | ATO Community