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- Superannuation on annual leave loading - Australian Taxation Office
Annual leave loading is an extra payment that may be paid to an employee on top of their base rate during periods of annual leave As an employer, you work out super guarantee payments for your employees based on their OTE OTE includes annual leave pay but not overtime
- Calculating annual leave loading - Fair Work Ombudsman
An employee’s accumulated annual leave is paid out when employment ends The employee is entitled to the same annual leave pay on termination that they would have received if they took the period of leave This includes any applicable annual leave loading, penalty rates or shift loading
- Is super paid on accrued Leave and Loading? | ATO Community
It is normal practice to include annual leave loading in OTE for employees In which case super is payable on these payments In circumstances where the leave loading can be shown to compensate employees for being unable to work overtime while on leave it can be excluded from OTE
- Leave Loading and Superannuation: Employer’s Guide
Leave loading is a legal entitlement paid to some Australian employees, usually set at 17 5% of base pay for paid annual leave Superannuation is generally payable on leave loading, unless you meet strict ATO exemption criteria (which is rare)
- What is leave loading? Heres how it works and who gets it
Under Australian law, every worker is entitled to at least four weeks (20 business days) of paid annual leave — but some employees receive an extra payment on top of their base rate pay when taking annual leave This additional pay is known as leave loading
- Is superannuation payable on annual leave loading? | NatRoad
According to the ATO, if leave loading is granted under a specific award or enterprise agreement and isn’t tied to a worker’s ability to work overtime, it’s classified as Ordinary Time Earnings (OTE) and, therefore, is subject to superannuation
- Are you paying superannuation on annual leave loading? ATO clarifies . . .
Superannuation contributions are calculated on an employee’s ‘ordinary time earnings’ (OTE) The ATO has recently confirmed that OTE may include annual leave loading Generally, OTE is what you pay your employees for their ordinary hours of work
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