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Payment of Additional Superannuation

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Newbie

Views 1069

Replies 3

We want to make a one off additional superannuation payment for an employee.  

In STP is it correct to select the Payroll Category -  Employee Additional and the ATO Reporting Category = superannuation guarantee?

Is the ATO reporting category correct?

 

1 ACCEPTED SOLUTION

Accepted Solutions

Most helpful response

Former Community Support

Replies 2

Hi @LB1958,

 

Thanks for getting in touch!

 

It sounds like the "additional superannuation" may be a reportable employer superannuation contribution - if so, this is voluntary to report via STP. Because it's voluntary, the reporting labels may vary between digital service providers and you may need to contact your digital service provider to confirm how to report that particular payment.

 

Let us know how you go.

 

Thanks, JodieH.
 

 

 

3 REPLIES 3

Most helpful response

Former Community Support

Replies 2

Hi @LB1958,

 

Thanks for getting in touch!

 

It sounds like the "additional superannuation" may be a reportable employer superannuation contribution - if so, this is voluntary to report via STP. Because it's voluntary, the reporting labels may vary between digital service providers and you may need to contact your digital service provider to confirm how to report that particular payment.

 

Let us know how you go.

 

Thanks, JodieH.
 

 

 

Newbie

Replies 1

How will the ATO get this information if it is not voluntarily reported via STP?  Will the employer be required to lodged a PAYG Statement and PAYG Summary Statement at the end of the financial year to report these amounts? How long will employers be able to do this?  I've noticed the free Reckon STP app for micro employers does not even have the option to voluntarily report RESC.

ATO Certified Response

Community Moderator

Replies 0

Hi @tmahoney

 

Thanks for your question.

 

If you cannot (or choose not to) provide reportable fringe benefits amounts (RFBA) or reportable employer super contributions (RESC) through Single Touch Payroll (STP), you must provide this information on a payment summary and provide us with a payment summary annual report.

 

The payment summary must not include amounts reported through STP.

 

You can read more about this in the reportable fringe benefit amounts and reportable employer superannuation contributions section of the rules of reporting through Single Touch Payroll page on our website.

 

Employers will be able to do this for the foreseeable future.

 

Hope this helps.

 

Thanks,

 

ChrisR