Super On Bonus Payments . Super Payments on LinkedIn Free Payments with Super So, whether an employer must pay super on bonus payments will depend on whether the bonus is within the employee's OTE. Under the superannuation guarantee (SG) rules, if your bonus counts as 'ordinary time earnings', then your employer has to make a super contribution for that bonus
The payment of bonus Act 1985 PPT from www.slideshare.net
OTE is the amount you pay employees for their ordinary hours of work, including things like commissions and shift loadings It is important to note, however, that some employers, including the Queensland Government, have different contribution arrangements and, in those cases.
The payment of bonus Act 1985 PPT Considering superannuation is usually paid based on your fixed salary, if you receive bonuses, you may question if super is paid on those bonuses And remember to withhold that tax! (ie, if you want to pay a $1,000 bonus to a staff member (lucky them!), tax will be taken out and you'll also have to pay super on top of it). So, whether an employer must pay super on bonus payments will depend on whether the bonus is within the employee's OTE.
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