Summary

In Australia, Reportable Employer Superannuation Contribution (RESC) was introduced from 1 July 2009. RESC is the portion of the amount contributed by an employer to an employee's superannuation fund or retirement savings account, where the employee influenced:

• The amount contributed
• How the amount was contributed so as to reduce their assessable income.

RESC amounts need to be identified because the ATO and other agencies need to add RESC to employees’ reported Gross Payments when they conduct income (means) tests.

Before RESC was introduced, salary sacrificing of superannuation could reduce an employee’s assessable income to a level where they could:

• Be entitled to benefits to which they would not otherwise be entitled
• Decrease their obligations to programs such as Child Support.

  Further Reading: Download the Australian Superannuation and Salary Sacrifice manual from the website library.

See also

Super Settings Groups (Australia)

Super Guarantee Contribution (Australia)