SUPER FOR EMPLOYERS

You are an employer if you employ workers under a verbal or written employment contract on a full-time, part-time or casual basis.  You may also be considered an employer if you make payments to a worker under a contract.  All employers including government organisations, statutory organisations or municipal bodies have to pay super for all eligible employees.

You have to pay super to employees if they

·        are aged between 18 and 70

·        are paid $ 450 (before tax) or more in a calendar month, and

·        work full-time, part-time or on a casual basis.

You also have to pay for employees who receive a superannuation pension or annuity while they are still working.  This includes employees who qualify through the ‘transition to retirement’ measure.

The minimum super amount you have to pay is 9% of each eligible employee’s earnings base and it is fully tax deductible.  It is important to pay the correct amount of super by the cut-off-date each quarter to avoid paying the superannuation guarantee charge which is not tax deductible.

Please contact us with any queries you may have on 1300 137 518.