When calculating interest payments for salary back pays that span over past periods, can you please advise if the interest payment should be included as OTE for superannuation purposes and if PAYG should be deducted. The interest payments generally relate to allowances that are included in OTE, such as salary and penalty rates. I am having trouble finding any information about how to manage interest payments on the ATO website.
Our Super area have said they'll need to know more about the interest payments. Do you have access to Online services where you can send in a secure mail? They'd like you to write in to us and provide more details. Online is easier.
Hey @Lucy_Payroll!
We're checking this with the experts, we will get back here ASAP with their advice!
Our Super area have said they'll need to know more about the interest payments. Do you have access to Online services where you can send in a secure mail? They'd like you to write in to us and provide more details. Online is easier.
22 Apr 2024 · 6 min read time
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