Under the superannuation (super) guarantee law, most employers must pay super contributions (in addition to gross salary and wages paid) into a complying super fund or retirement savings account so that their eligible employees can enjoy the benefits of super in their retirement. Employers may also have to offer their eligible employees a choice of super fund.
Businesses who employ workers on a full-time, part-time or casual basis, should consider their super obligations that may apply under super guarantee law.
For more information about your super obligations:
Employee/contractor decision tool
This decision tool is designed to help payers determine whether an individual worker is engaged as an employee or independent contractor. It will give a decision based on answers to some simple questions.
Superannuation Guarantee (SG) contributions calculator Use this tool to calculate SG contributions for your eligible employees for a current quarter, including the period within 28 days after the end of that quarter.
Employment termination payment calculator Employers can use this calculator to determine the tax free and taxable components of an employment termination payment made on or after 1 July 2007.
Superannuation Guarantee Charge statement and calculator tool Use this tool if you are late in paying your employees' superannuation contributions to a superannuation fund. It will enable you to calculate your SGC liability and prepare the SGC statement to be lodged with the Tax Office.
Subscribe
