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

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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

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ATO Community Support

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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

Most helpful response

ATO 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