In this guide
- Why are reportable employer super contributions important?
- What super contributions are reportable?
- What super contributions are not reportable?
- Examples of reportable and non-reportable super contributions
- How to report super contributions for your employees
- Recordkeeping for RESC: What to record and how long to keep it
Correctly reporting super contributions through single touch payroll (STP) may not be the most exciting aspect of running your business, but it has important implications for your workers.
When your employees choose to sacrifice some of their salary to super, or they have control over additional employer super contributions you make for them, you need to include these amounts as reportable employer super contributions (RESC).
RESC affects your employee’s eligibility for various benefits, tax offsets and additional liabilities. Getting your reporting right the first time means staying on the right side of the Australian Taxation Office (ATO) and avoiding disruptions for your staff.
Why are reportable employer super contributions important?
RESCs are used by Services Australia when they check your employee’s eligibility for government benefits and child support.
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