Is super guarantee payable on Redundancy payments?

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Contributing Partner Shyamala_S
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Is super guarantee payable on Redundancy payments?

Just wondering if super guarantee is payable on redundancy payments and annual leave pay? 

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MYOB Moderator Neil_M
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Re: Is super guarantee payable on Redundancy payments?

Hi @Shyamala_S

 

If you weren’t sure on whether a particular payroll category should be included as part of the superannuation guarantee calculation, I recommend checking with FairWork Australia or the ATO. They will be able to advise you of whether or not a particular payroll category should be included as part of the superannuation guarantee calculation

Regards,
Neil

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Contributing Partner Shyamala_S
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Re: Is super guarantee payable on Redundancy payments?

Thanks Neil, I checked with the ATO and with reference to SGR 2009/2 ruling, it is not required to pay super on genuine redundancy payment as they are not OTE but any AL & SL payments will attract super. File attached for future reference

Ultimate Partner DuncanS
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Re: Is super guarantee payable on Redundancy payments?

@Shyamala_S @Neil_M

 

Shyamala,

 

Thank you for providing SGR 2009/2.

 

Have a look at page 18 of the Ruling

 

Unused Annual Leave is not OTE.

I understand SG is not paid on unused Annual Leave.

 

Duncan

Duncan Smith
Business Advice + Tax
Helping business owners build a better business since 1998
E expressgst@optusnet.com.au T 02 9904 3672 7 days

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