I am currently on LSL and will resign at the end of this to retire. I was checking my leave balance and will still have about another 2.5 months of leave on full pay at the end of this current leave ( finishes towards the end of April). I was planning to just take this as a lump sum on retirement, since the majority of the leave would still fall in the 2019FY even if I took it as leave. Hence no tax advantage either way.
However researching how to make sure I got all my concessional super payments up to the cap for 2019, I read that if I take the leave entitlements as a termination payout, my employer does not pay me the 9.5% super. About 3.7k in my case.
This was news to me. I've applied to take the leave, which may or may not be approved.
Can any clever finance/accounting people confirm I've understood the super implications correctly?