Is Super Payable On Bonuses . Premium Vector Super bonus 3d editable text effect template SG is calculated and payable based on when you make the payment of salary and wages Some businesses pay their employees more super as part of an employee benefit or enterprise agreement, so it's worth checking what agreements you have in.
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So in summary, superannuation is most probably payable on a performance bonus, a Christmas bonus, Easter bonuses, EOFY bonuses, you get the drill In Australia, your employer must pay at least 11.5% of your OTE to your super fund
Are Bonuses Taxed at a Higher Rate? Bonus Tax Rate Methods You must pay super on back pay of amounts that are OTE, even if the employee no longer works for you If you don't pay, you'll be liable for the super guarantee charge (SGC). OTE is the amount you pay employees for their ordinary hours of work, including things like commissions and shift loadings
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