Tag: Compulsory Super

Compulsory Super to Rise to 10 per cent.

From 1st July 2021 most employers will increase their contribution to their employees compulsory superannuation from 9.5% to 10%.

This is an extra $5 per week for someone on $1,000 per week, going into their retirement fund.

However, not all employees are happy with that money going into their super … Read the rest

Superannuation in Australia

What is the Superannuation System in Australia?.

Most employees in Australia, whether full time, part time, casual, Permanent of Temporary resident, are entitled to compulsory superannuation (super) contributions from their employers.

This was brought in by the Labor government, (who held power between 11th July 1987 and 2nd March … Read the rest