If the super fund has shifted into and out of 100% pension phase throughout the year, how will the mutiple pension policy periods impact on the General expense calculation ?
In SF 2018.1 version, the pension deductible and non-deductible expenses will be calculated based on the expense percentages set in each pension policy.
01/07/2017 - 31/12/2017 - General Expense percentage = 100%
01/01/2018 - 30/06/2018 - General Expense percentage = 60%
Expenses recorded within 01/07/2017 - 31/12/2017 will be fully non-deductible.
Expenses recorded within 01/01/2018 - 30/06/2018 will be calculated at 60% non-deductible.