Any monetary or non-monetary contributions an employer makes on behalf of an employee (or a company makes on behalf of a director) are taxable.
You might make these contributions to:
- employer-sponsored funds
- industry funds
- productivity funds
- personal superannuation funds
- wholly or partially unfunded funds or schemes
- defined benefit funds
- defined contribution funds
- retirement saving accounts
- superannuation holding accounts reserve.
Contributions you make for people who no longer work for you are also taxable.
Payment types
Taxable superannuation payments can include:
- superannuation guarantee charges
- marketable securities
- property
- salary sacrifice arrangements
- interest and late payment fees to a superannuation fund.
If you include a non-monetary contribution in your taxable wages, you must provide evidence of the value if we ask for it.
