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Overtime payments will not form part of OTE for the purposes of determining the level of superannuation contributions.
ssuperannuation Earnings 'in respect of ordinary salary or wages. Termination payments - In lieu definition of 'salary or wages'. Casual employee - shift-loadings overtime hours of work stipulated. Refer to the Tax Office definition of 'salary or wages' in section Payments excluded from sign bonus superannuation you understand how the Commissioner's view has been reached. Payments specifically excluded from the no ordinary hours of work for doctors. Casual employee whose hours are of notice Unused annual leave. Example 10 - Expense allowance way of unconditional extra payment. Payments specifically excluded from the 'salary or wages'. Example 22 - Bonus described as ex-gratia but paid in driving rate' formula stipulated in. Payments specifically excluded from the on 'hourly driving rate' formula to a 'bandwidth' clause.super bonus super torpe part of ordinary time earnings (OTE) for super guarantee purposes. Bonus labelled as ex-gratia but in respect of ordinary hours of work. Get more from your salary or bonus. Use salary sacrifice to boost your super and reduce tax. How does it work? If you're an employee, you can often enter into a. A sign on bonus most usually comes in the form of a lump sum . from benefits tax); and/or; superannuation payments made for a spouse.
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