sevenseas Posted March 2, 2012 Share Posted March 2, 2012 Hi, its been a while since I was in Oz so I have completely forgotten how this works - and I have not been able to find an answer quickly via google... Is the 9% compulsory superannuation taken from gross salary or from salary after tax? TIA. Link to comment Share on other sites More sharing options...
StevieF8 Posted March 2, 2012 Share Posted March 2, 2012 According to this, it's taken from the Gross http://www.paycalculator.com.au/ Link to comment Share on other sites More sharing options...
sevenseas Posted March 2, 2012 Author Share Posted March 2, 2012 thanks for that - a very useful calculator. :biggrin: Link to comment Share on other sites More sharing options...
Alan Collett Posted March 2, 2012 Share Posted March 2, 2012 It is an additional cost paid by the employer. So, if you have a gross salary of $50k, your employer will make superannuation contributions to your preferred super fund of $4,500. Note that this might be presented to you as a salary package including superannuation of $54,500. Best regards. Link to comment Share on other sites More sharing options...
spamjam Posted March 12, 2012 Share Posted March 12, 2012 I'm a bit confused on this, hopefully someone will be able to enlighten me! I have a job offer and it states that it is a condition of my employment to join the Superannuation scheme, which is fine but I don't really understand how it all works. It says that my employer pays superannuation contributions of 9% of my relevant earnings to the scheme. Does this mean that each month 9% of my gross salary will be diverted into the superannuation scheme, or does it mean that the employer will contribute the equivalent of 9% of my salary each month into the scheme? My salary is just listed as the gross amount with no mention of 'including' or 'plus' superannuation, so I'm a little confused. I think it says that the employee can make voluntary contributions in addition to the 9%. I was going to ask them but thought maybe it was a standard thing and someone here might know (hence saving me looking clueless with my future employers!) Sorry if I'm being a bit dim, never been very good at understanding pension scheme at the best of times! :confused: Link to comment Share on other sites More sharing options...
wakeboard1980 Posted March 12, 2012 Share Posted March 12, 2012 I'm a bit confused on this, hopefully someone will be able to enlighten me! I have a job offer and it states that it is a condition of my employment to join the Superannuation scheme, which is fine but I don't really understand how it all works. It says that my employer pays superannuation contributions of 9% of my relevant earnings to the scheme. Does this mean that each month 9% of my gross salary will be diverted into the superannuation scheme, or does it mean that the employer will contribute the equivalent of 9% of my salary each month into the scheme? My salary is just listed as the gross amount with no mention of 'including' or 'plus' superannuation, so I'm a little confused. I think it says that the employee can make voluntary contributions in addition to the 9%. I was going to ask them but thought maybe it was a standard thing and someone here might know (hence saving me looking clueless with my future employers!) Sorry if I'm being a bit dim, never been very good at understanding pension scheme at the best of times! :confused: I would ask them to clarify if your salary stated is a package, in which case it would include the 9% super contribution. I believe you can join any super scheme you choose. Link to comment Share on other sites More sharing options...
Alan Collett Posted March 12, 2012 Share Posted March 12, 2012 Agreed - ask your intended employer to confirm the amount (in $'s) of your gross salary and the related superannuation contributions. Best regards. Link to comment Share on other sites More sharing options...
Guest JK2510 Posted March 12, 2012 Share Posted March 12, 2012 Each industry has its own super company you can join if you wish...I'm with hesta(nursing/care) OH is with cbus.. Link to comment Share on other sites More sharing options...
Guest VickyMel Posted March 12, 2012 Share Posted March 12, 2012 Just wondering if anyone knows if it is compulsory the employer pay the 9% within a certain timeframe? Link to comment Share on other sites More sharing options...
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