Did you know ...
Do I have to pay Super?
As an employer you will generally have to pay Superannuation Guarantee Contributions to a complying fund for all workers you employ.
In summary, employers have to make superannuation payments to:
- Employees aged between the ages of 18 and 70 who are paid $450 or more in a calendar month.
- Employees aged under 18 years of age working more than 30 hours a week.
The current Superannuation Guarantee rate is 9% of an employee’s earnings. (Refer to the ATO website to find out more about calculating your employees’ super entitlements.)
Contributing to an Industry Super Fund is simple, and could make a lifetime of difference to their final retirement payout.
Click here to see 17 Industry Super Funds that could make a lifetime of difference to your employees’ super. All Industry Super Funds on this website are complying funds.
For more information about employer obligations relating to making your Superannuation Guarantee Contributions, visit the ATO web site at www.ato.gov.au