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This transient explainer will allow you to understand difference between the 2. Have you ever seemed closely at your payslip and wondered what the additional line labelled ‘superannuation’ means? For a more detailed record of bonus and other payment types, go to the ATO website. Performance bonus Sure Christmas bonus Sure Bonus labelled as ex gratia but in respect of strange hours work Yes Bonus in respect of overtime only No So, the subsequent time you obtain a bonus, it is value contemplating whether it’s going to contribute to your superannuation. If you exceeded this most calculation, your employer didn’t have to pay any tremendous for the quantity over the restrict.
If they don’t act in a fair and affordable means, their employee might be ready to make a authorized declare. Nonetheless, necessities for getting a discretionary bonus are not set prematurely. The employer should pay a contractual bonus if sure agreed standards are met.
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