Get Wealthtrac Employer Superannuation Contributions

Your employer must pay at least 10.5% of your 'ordinary time earnings' into your super account. The minimum amount that your employer must pay into your superannuation fund. It is currently 10.5% of your gross salary. Ordinary time earnings are what you earn for your ordinary hours of work.

Calculations are based on the minimum amount of super your employer must pay on your behalf, known as the Superannuation Guarantee Contribution (SGC). The Super Guarantee Contribution rate is currently equal to 10.5% of your ordinary time earnings, on income up to $58,920 per quarter.

Compulsory Superannuation Guarantee (SG) contributions are currently set at 10.5%. From 1 July 2021 to 1 July 2025, they will begin to increase progressively from 9.5% to 12%. Find out more about the Superannuation Guarantee rate.

How to calculate superannuation. Super is calculated by multiplying your gross salary and wages by 10.5%; this is known as the superannuation guarantee. Super is based on your Ordinary Time Earnings (OTE). Overtime and expenses are excluded but some bonuses and allowances are included.

A super contribution is an amount added to your super balance. Generally, by law, employers must pay at least 10.5% of your salary to your super each year. These contributions are called employer contributions or Superannuation Guarantee contributions.

Your super is your money. Employers are generally required by law to contribute a compulsory 10.5% of Ordinary Time Earnings into super.

Compulsory Superannuation Guarantee (SG) contributions are currently set at 10.5%. From 1 July 2021 to 1 July 2025, they will begin to increase progressively from 9.5% to 12%. Find out more about the Superannuation Guarantee rate.