The OID annual earnings threshold/limit for the current and previous years

Review the OID earnings thresholds/limits for the current and previous years. The threshold/limit applies to the OID reports for Sage VIP Classic, Sage VIP Premier, Sage Payroll Professional, and Sage 300 People.

Employers must submit a Return of Earnings (ROE) to the Compensation Fund every year. This amount, along with the business's registration category, determine what the employer owes to the Compensation Fund.

The annual earnings threshold (also known as the OID limit) applies for each employee, which sets the maximum earnings used to calculate the OID contribution. This threshold changes every year.