Super is a way of saving money for your retirement. Employers must pay super into a complying super fund or retirement saving account (RSA) for their eligible employees.
These payments are called employer contributions.
Generally, as an employee, your employer should be paying super for you if you are:
- aged 18 years or over but under 70 and
- paid at least $450 (before tax) in a calendar month
If you are under 18, you are eligible for compulsory super guarantee if you work 30 hours or more a week.
You may also be eligible if you work under a contract that is wholly or principally for your labour
If you are entitled to super guarantee payments, your employer must pay a minimum of 9% of your ‘ordinary time earnings' into your super account.
From 1 July 2008 all employers will be required to calculate the minimum contributions using what you earn for your ordinary hours of work.
For more information on your superannuation contact Employee Benefits Administration.
Fund Contact Details
Helpline: 1800 331 685
Financial advice : 1300 331 685
Helpline: 1300 369 315