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Payment Of Superannuation
Posted: Tue Oct 18, 2016 9:36 pm
by livprice
how much superannuation is paid?
Re: Payment Of Superannuation
Posted: Fri Oct 21, 2016 1:13 pm
by 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
,
Lorina