VIC Will Profits from Self-Managed Superannuation Fund be Calculated for Child Support?

[Mika]

Hi Forum Members,

If I place a lump sum of funds into my Self Managed Superannuation, will any profits on this be calculated for child support income assessment purposes (once they are in the SMSF)?

Many Thanks

 

[sammy01]

I don't think so... Especially if you're not drawing on it.... CSA is based on tax return incomes. But it is done before tax, (I believe) minus about $20 000 which they call the self-maintenance amount (or something like that) so any tax benefit from salary sacrificing can potentially cause you to have an increase in your tax return.

 

[Therese]

Hi Mika,

I agree with sammy01.

It appears that it is tax income that is assessed. See Income used in calculating child support payments - Department of Human Services.

You may wish to contact the Department of Human Services to confirm.