How do lenders treat a history of salary sacrificed concessional super deposits?

[JennyK]

What consideration do lenders give to salary sacrificed concessional superannuation deposits which at a $30,000 per year limit could for example be $20,000 per year salary sacrificed outside of the 9.5% superannuation guarantee?

As far as I understand, this $20,000 does not normally show up as 'income', so what role does it play in determining a client's financial situation when the $20,000 would be readily available in future years to service loans rather than continuing to be deposited into superannuation?

Thanks

 

[tobe]

most lenders simply add back the extra super paid (taxed appropriately) to your income used in their calculator. A few lenders might need a statement from your self that the payments are voluntary and can cease at any time.

 

[Redom]

most lenders simply add back the extra super paid (taxed appropriately) to your income used in their calculator. A few lenders might need a statement from your self that the payments are voluntary and can cease at any time.

Yep, treated as an add-back for self employed given you could stop these at will.

For SMSF loans, for strong history of these payments, can be included in servicing with some lenders.

Cheers,
Redom

 

[Rolf Latham]

Unless the voluntary contrib is being used to service/support an SMSF loan, then its usually voluntary.

Quite a few super systems do demand an extra contrib from the employee, eg Uni Super, in rtn for a higher contrib from the employer

ta

rolf

 

[Corey Batt]

Added back with notation from the broker that the contribution is voluntary. In some cases they *may* require a signed letter from the applicant, but that happens 1/20 times, if that.

 

[marg4000]

This should show up on your pay slip.
Marg