Announcements
Looking for information on the JobKeeper extension? Watch the video in our latest news article.

ATO Community

On receiving a genuine redundancy - treatment of unused leave for Concessional Super

Highlighted

Newbie

Views 156

Replies 1

On receiving a genuine redundancy, can a payout for unused Leave and Long service leave be applied to concessional contribution to supperannuation, when eligible for transition to retirement phase

1 ACCEPTED SOLUTION

Accepted Solutions
Highlighted

Most helpful response

Community Support

Replies 0

Hi @Craig_M 

 

Not unless there was a salary sacrifice arrangement in place whilst the leave was building.

 

The employer will apply schedule 7 to the unused leave and you can then make an after tax contribution.

 

Thanks, Ari

1 REPLY 1
Highlighted

Most helpful response

Community Support

Replies 0

Hi @Craig_M 

 

Not unless there was a salary sacrifice arrangement in place whilst the leave was building.

 

The employer will apply schedule 7 to the unused leave and you can then make an after tax contribution.

 

Thanks, Ari