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Post #32341 by shannons on October 15th 2010, 11:43 AM (in topic “Alert on Incorrect CSA treatment of Transition to Retirement pensions”)

Alert on Incorrect CSA treatment of Transition to Retirement pensions:

Sadly, as a Novated lease company, we are getting lots more calls of late, from clients running into issues with the CSA.

Mainly because CSA also does not understand the FBT - Employee contribution method (ECM).

What we have found, is that our clients are being told, as they have a novated lease, theyshould havea grossed up Fringe Benefit showing on theirgroup certificate.
And that the Group Cert is wrong and they need to go back to their employer, of course this is wrong as the FBT is paid post tax, thus not to shown.

shannons

Last edit: by MikeT

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