Selina Shapland Founder, Administrator, Writer and Entrepreneur at Manage Your Boss

Is super payable if an employee receives a cash bonus?

I have been contacted by a company from the UK who are setting up business trade here in Australia and they have asked if they were to pay a cash bonus for their Australian employees for reaching a sales target, do they need to pay Superannuation on top of this?

I don't know... this is not my area of expertise and so I am looking for someone who either knows or has a business that can help them out. Ideas?

Answer

Top voted answer

Chris Nobbs, Director - Advisory Services at Dirigo Group

In short yes superannuation must be paid on a cash bonus as it would for other income formed the employee earns. Attached is a link to a good summary sheet regarding employee superannuation entitlements within Australia.

http://www.australiansuper.com/~/media/Files/FactSheets/Your%20super%20obligations.ashx

Hope this helps.

Regards Chris Nobbs - www.dirigogroup.com.au

Selina Shapland, Founder, Administrator, Writer and Entrepreneur at Manage Your Boss

Thank you so much Chris. I appreciate your help. S

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