is superannuation contribution payable on Annual leave on termination
Annual leave payable on termination is not subject to superannuation. As a safe guard, most accounting software requires you to have a superannuation line on every payslip. You may need to work around this to remove the superannuation payment on the leave payout. Simply adjust the percentage of the superannuation to 0%.AYG on leave payouts is not just calculated like a normal pay run would be. The ATO has created a complex formula to calculate the PAYG on unused leave payouts. This PAYG formula is applicable for unused annual leave, leave loading, leave bonuses and long service leave.