Witryna22 cze 2024 · That includes things such as leave loading, shift allowances, back pay, commissions, and bonuses. 1. So, if you have earned your bonus because of the work you have done during those regular hours, your employer must also pay a minimum of 10.5% of that amount into your designated super fund. An exception to the payment …
Tax & superannuation - Fair Work Ombudsman
Witryna1 lip 2013 · Ordinary time earnings (OTE) Super is payable on all “ordinary time earnings” (OTE), the earnings you pay an employee for their usual hours of work. OTE includes base rates, shift loadings, bonuses, commissions and most allowances. OTE does not include payments for overtime or reimbursement of expenses. WitrynaSingle Touch Payroll (STP) Phase 1 pay event reporting. payment summaries. You must follow the relevant withholding and reporting requirements to allow your employees to correctly complete their income tax return. For reporting of allowances in STP Phase 2, go to STP Phase 2 employer reporting guidelines. ilogger thread safe
List of payments that are ordinary time earnings
WitrynaFor example, your company may be allowed to make quarterly super payments, however an award might stipulate that super must be paid monthly. Cross check the system results: Since OTE normally includes items such as shift loadings, paid leave, allowances and commissions, take time to periodically check some payroll results for … Witryna3 kwi 2024 · For those aged 23 and over, the hourly rate is £8.91 (now known as the National Living Wage) For those aged between 21 and 22, the hourly rate is £8.36. For those aged between 18 and 20, the hourly rate is £6.56. For those aged under 18, the hourly rate is £4.62. For apprentices aged between 16 and 18 (or those aged over … Witryna3 kwi 2024 · For those aged 23 and over, the hourly rate is £8.91 (now known as the National Living Wage) For those aged between 21 and 22, the hourly rate is £8.36. … i logged on to facebook on my friend\u0027s phone