How do I model salary sacrifice?

To model Salary Sacrifice in the new Xtools+ updated screens, there are a couple of areas these can be completed:

Income Section:

Navigate to 'Input -> Individual -> Cashflow -> Income', press 'Add income' to enter the base income details for your client (noting you can now update which Super Account you wish for the contributions to be directed to):

Sal Sac 1.png

 

To action the Salary Sacrifice section, navigate across to the 'Other Linked Superannuation Contributions' tab, then select 'Add Concessional Contribution':

Sal Sac 2.png

 

This will then bring up the menu when entering Concessional Contributions, update 'Type' to 'Salary Sacrifice', then complete the below details including checking which Super Account you wish for the Salary Sacrifice contributions directed to & which Salary the Contributions are linked to:

Sal Sac 3.png

 

After entering and saving, you will then be able to see the Salary Sacrifice value linked to the income updated:

Sal Sac 4.png

 

 

 

Super Contributions Section:

You are also able to enter the Salary Sacrifice Contributions by navigating to 'Input -> Individual -> Super -> Client (or Partner) -> Regular Transactions -> Concessional'. From this page you can then press 'Add Concessional Contribution' to add the contribution to your modelling, this is the same screen as when accessed through the income section above:

Sal Sac 5.png

 

Sal Sac 3.png