I am a small business (5 employees) and am needing to make one of our employees redundant. This employee has a significant amount of unused annual leave (about 36 days) that I will pay out upon termination. When I make the final payout of this unused annual leave, will I have to pay superannuation on this amount?
Hiya @rjh2023 👋
As per the ATO SGR 2009/2 P24 and summarised in the OTE Checklist (termination payments): NO.
You might like to bookmark those handy links for future use 😉
Deanne
Hiya @rjh2023 👋
As per the ATO SGR 2009/2 P24 and summarised in the OTE Checklist (termination payments): NO.
You might like to bookmark those handy links for future use 😉
Deanne
Thank you, Deanne. Very helpful and much appreciated.
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