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Employer Contributions

For most employees this means 9% of your ordinary time earnings.

 

Under current legislation, your employer is required to pay an amount equal to 9% of your ordinary time earnings into your super account until age 70. This requirement is known as the Superannuation Guarantee (SG).

 

Caps apply to contributions made to your super account. Any super contribution over the cap amount is subject to extra tax. Employer contributions are counted against the concessional contribution cap.