Superannuation

Superannuation is a Commonwealth Government initiative which applies to all employees. It is compulsory and must be paid to all employees.

The Superannuation Guarantee sets out the minimum levels of superannuation support for employees.

The level is determined by two factors – the charge percentage and the employee’s earnings base.

Each month the required percentage is calculated on the employee’s gross wage and paid into a superannuation fund by the Practice.

An employee may elect to contribute a nominated amount of their gross pay to the Superannuation Plan if they so wish.

Information about your Superannuation Fund can be obtained through the Office Manager.