How much superannuation should my employer pay?
Under the Australian Superannuation Guarantee, your employer must pay a minimum of 9% of your earnings for your contracted work hours into your nominated superannuation account every three months.
Kylie works as a telemarketer. She earns $600 a week before tax.
Kylie’s gross earning (pay before tax) for the quarter (13 weeks) is $600 x 13 = $7800
Kylie’s employer’s quarterly superannuation contribution is 9% x 7800 = $702
In the 2010-2011 Federal Budget the government proposed future changes to the Australian Superannuation Guarantee. If passed by parliament employer contributions will gradually increase from 9% to 12% between 1 July 2013 and 1 July 2019.
For more information visit here: Lost Super