Payment Of Superannuation

[livprice]

how much superannuation is paid?

[Lorina]

Under the superannuation guarantee, employers have to pay superannuation contributions of 9.5% of an employee's ordinary time earnings if:

when an employee is paid $450 or more before tax in a month and is:
over 18 years, or
under 18 years and works over 30 hours a week.
This applies to full-time and part-time employees and some casual employees.

Superannuation has to be paid at least every 3 months, into the employee's nominated account.

Ref: Tax and Superannuation

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Lorina