Wages with NO super
A court ordered mediation has agreed to pay a previous employee a gross sum as wages at the marginal tax rate with an indemnity on the super. Is this possible? Is it legal?
Forum Discussion
Hi steve4551,
Totally get wanting to make sure legal is all above board before diving in. Forums can be handy, but for this one, it’s best to have a quick chat with a qualified accountant or financial adviser to make sure you’re covered and doing it by the book.
Regards,
Genreve
Genreve,
The court ordered mediation was handled by my barrister who asked for an indemnity on the super. This was part of the 'agreed settlement'. I stewed on this overnight that was not going to work with the payroll system. My accountant confirmed this. I suggested 1/12th of the amount as super the balance as 'wages and tax'. This was put to the other party and rejected. So, my next thought is , can I 'turn off' the super payment/reporting on this one off payment?
Regards Steve
