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  1. www.ato.gov.au › individuals-and-families › super-for-individuals-and-familiesWhat is super | Australian Taxation Office

    Aug 1, 2023 · Superannuation (super for short) is a long-term investment that grows over time. The more you contribute during your working life, the more you'll have for your retirement. For most people, super begins when you start work and your employer starts paying a percentage of your salary or wages into your super fund.

  2. www.ato.gov.au › individuals-and-families › super-for-individuals-and-familiesSuper | Australian Taxation Office

    Super. How to save for retirement via superannuation, your entitlements and obligations, when you can withdraw your super.

  3. www.ato.gov.au › businesses-and-organisations › super-for-employersHow much super to pay | Australian Taxation Office

    Jun 30, 2024 · The super guarantee percentage is the minimum required by law. You may pay SG at a higher rate under an award or agreement. To manually work out how much super to pay for a quarter, multiply your employee's OTE, based on salary and wages paid in the quarter (before tax), by the SG rate.

  4. en.wikipedia.org › wiki › Superannuation_in_AustraliaSuperannuation in Australia - Wikipedia

    Superannuation in Australia, or "super", is a savings system for workplace pensions in retirement. It involves money earned by an employee being placed into an investment fund to be made legally available to members upon retirement.

  5. www.forbes.com › advisor › auSuper In Australia: What It Is And How It Works - Forbes

    Under Australia’s superannuation system, employers are required to pay a percentage of an adult worker’s pay each month, currently 11%, into the employee’s superannuation account. The fund then...

  6. www.australiansuper.com › superannuation › what-is-superWhat is Superannuation? | How Super Works | AustralianSuper

    How superannuation works. If you're eligible 1, when you start working your employer needs to contribute a minimum of 11.5% of your pre-tax income to your super account. This is known as the Superannuation Guarantee.

  7. moneysmart.gov.au › grow-your-super › super-contributionsSuper contributions - Moneysmart.gov.au

    Grow your super with extra contributions. You can grow your super by making extra payments yourself. Even small amounts add up over time, and voluntary contributions can reduce the amount of tax you pay. If you're on a low income, you may be eligible for extra contributions from the government.

  8. moneysmart.gov.au › how-super-worksHow super works - Moneysmart.gov.au

    On this page. Super is a way of saving for retirement. Your employer must pay a percentage of your earnings into your super account, and your super fund invests the money until you retire. There are lots of different super funds out there, and different types of accounts.

  9. www.superguide.com.au › how-super-works › beginners-guideHow superannuation works: Super for beginners guide - SuperGuide

    This is called the Superannuation Guarantee (SG) and employers are legally bound to contribute 11.5% of your gross income (for 2024–25, rising to 12% for 2025–26 and beyond), including bonuses, commissions and loadings.

  10. moneysmart.gov.au › how-super-works › superannuation-calculatorSuperannuation calculator - Moneysmart.gov.au

    Superannuation calculator. Find out your super balance at retirement. 3 minutes. On this page. This calculator helps you work out: how much super you'll have when you retire. how fees affect your final super balance. Superannuation calculator. required field. You and your super fund. Age: (min: 18, max: 75)