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 1996), … Read the rest
Under Australian legislation, your employer must generally pay 10.5% on top of your salary into a super fund.
This means that your base salary is before Super.
It is also before tax.
So, if you earn $76,700 as a base wage, your employer must pay an extra $8,053.50 into your … Read the rest
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
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
