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How to report Rent Deduction as Salary Sacrifice in Small Business Clearing House SBCH

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Please explain how and if I need to report the deductions for remote area rent which are withheld as salary sacrifce and paid to the Real Estate Agent in the Small Business Clearing House? Thank you.

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ATO Certified

TaxTime Support

Replies 1

Hi @Bookkeeper444

 

Welcome to our Community.

 

The Small Business Superannuation Clearing House (SBSCH) is a free service you can use to make super guarantee (SG) contributions. In turn, unless this salary sacrificed payment is somehow related to super, there is no requirement to report it via the SBSCH.

 

For more information about the Small Business Superannuation Clearing House, refer to our website.

 

When you create a payment instruction in the SBSCH, you are required to provide the following superannuation payment amounts for each employee:

  • Super guarantee

  • Additional employer

  • Salary sacrifice

  • Employee voluntary, plus the

  • Total contribution amount

 

The third bullet point is specifically referring to a salary sacrificed super payment. Any other salary sacrifice arrangements (e.g. rent, vehicle, etc.) aren't reportable here. For more information, refer to the salary sacrificing super – information for employers page on our website.

 

Hope this helps.

 

Thanks,

 

ChrisR

2 REPLIES 2

Best answer

ATO Certified

TaxTime Support

Replies 1

Hi @Bookkeeper444

 

Welcome to our Community.

 

The Small Business Superannuation Clearing House (SBSCH) is a free service you can use to make super guarantee (SG) contributions. In turn, unless this salary sacrificed payment is somehow related to super, there is no requirement to report it via the SBSCH.

 

For more information about the Small Business Superannuation Clearing House, refer to our website.

 

When you create a payment instruction in the SBSCH, you are required to provide the following superannuation payment amounts for each employee:

  • Super guarantee

  • Additional employer

  • Salary sacrifice

  • Employee voluntary, plus the

  • Total contribution amount

 

The third bullet point is specifically referring to a salary sacrificed super payment. Any other salary sacrifice arrangements (e.g. rent, vehicle, etc.) aren't reportable here. For more information, refer to the salary sacrificing super – information for employers page on our website.

 

Hope this helps.

 

Thanks,

 

ChrisR

Newbie

Replies 0

Thank You ChrisR - perfect. 

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