answered
Q: Hi
Just wanting to work out my concessional contributions for the financial year ending 30 June 2019.
I do not want to exceed the $25k Cap.
Do I calculate my Salary Sacrifice and Employer Contributions from 1 July 2018 to 30 June 2019, or by the actual amounts that were deposited into my Account. I know there is a timing difference as it is generally deposited by the 21st day of the month after its been earned/sacrificed.
Many thanks in advance.
David
A: Thanks Brendan
Excellent explanation on the potential timing differences and subsequent treatments. Expect that detail from a fellow Novacastrian
Many Thanks
David
answered
Q: Hi
Just wanting to work out my concessional contributions for the financial year ending 30 June 2019.
I do not want to exceed the $25k Cap.
Do I calculate my Salary Sacrifice and Employer Contributions from 1 July 2018 to 30 June 2019, or by the actual amounts that were deposited into my Account. I know there is a timing difference as it is generally deposited by the 21st day of the month after its been earned/sacrificed.
Many thanks in advance.
David
A: Thanks Glenn and James
Great responses. I will monitor it thru my Super Fund, and advise Payroll if I need to change my Sal Sac amount in May 2019.
Cheers
David
question
Q: Hi
Just wanting to work out my concessional contributions for the financial year ending 30 June 2019.
I do not want to exceed the $25k Cap.
Do I calculate my Salary Sacrifice and Employer Contributions from 1 July 2018 to 30 June 2019, or by the actual amounts that were deposited into my Account. I know there is a timing difference as it is generally deposited by the 21st day of the month after its been earned/sacrificed.
Many thanks in advance.
David
