Joe Salvati
posted this on December 01, 2011 10:41 am
RESC stand for Reportable Employer Superannuation Contribution aka Salary Sacrificing Super. Reportable employer superannuation contributions are those you make on behalf of an employee, such as salary sacrifice contributions, or extra super contributions. For additional information please see the following article at the ATO website.
Comments
Joe
it would be helpful to let people know how to set this up on Paycycle.