Superannuation (or super) is money you put into a fund, known as a super fund, to provide income for your employees when they retire. Super is separate to salaries and wages.
You must pay super contributions for your eligible employees. This is called super guarantee. There is a minimum amount of super that you have to pay, but you can pay more.
Looking after your employees is good for them, and good for your business. Paying super helps them to plan for the future.
If you need help, phone the Superannuation infoline on 13 10 20.
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Explains superannuation (or super) - money you put into a super fund for your employees when they retire.