There are currently a lot of positive changes occuring in relation to superannuation.
If you’re between 18 and 69 years old (inclusive), and you’re paid $450 or more (before tax) per month, then your employer has to pay a 9% super contribution into your superannuation fund. Between now and July 2019 the 9% contribution will be increased to 12% and the maximum age for compulsory contributions will be increase to 75 years.
If you feel your employer might not be paying you your super entitlements contact us today.
Super is paid on top of the minimum wages for your job and regular allowances. It is not paid on overtime. Super contributions are made to full-time, part-time and casual employees, as well as some contractors, so long as you earn more than the minimum threshold amount. The payment of compulsory super contributions is enforced by the Australian Taxation Office (ATO).
Some awards and agreements have their own extra super rights.