employer responsibilities

the simple rules

• The minimum you must pay is what's known as the 'super guarantee' or SG. 
• Employees have the right to choose the fund their superannuation contributions are paid to.
• In a big shift from the way super’s worked in the past, under new ‘stapling’ legislation applying from 1 November 2021, an employee’s super fund will follow them from job to job. This means when a new employee joins your organisation, you’ll need to contribute their super into their existing fund (if they have one) – unless they ask you to make a change. If they don’t already have a fund or haven’t notified you of their choice of fund, then you can pay into your default fund.
   

Find out more about stapling and your obligations >

What you need to know about the super guarantee (SG)

• It's currently 11%* of an employee’s ordinary time earnings.
• It's better for your employees if you pay it more regularly, like monthly, or fortnightly.
• You must pay it at least four times per year, by the quarterly due dates.
  
• If you don't pay on time, you may have to pay the SG charge (it's a bit like a fine).
• It must be paid into a complying super fund. 

 

_{*The minimum legislated Superannuation Guarantee (SG) contribution is 11% and will rise by 0.5% each year on 1 July until it reaches and stays at 12% from 1 July 2025 onwards.}