What employers need to contribute to super

Each month a participating employer contributes to CONNECT on behalf of each eligible member. The contributions are amounts as defined in the Statutory Award and must comply with the Superannuation Guarantee Act.

The amount you have to pay is a percentage (known as the charge percentage) of each employee’s quarterly ‘earnings’. The charge percentage is set out in the law and is currently 9%.

To work out the amount you need to contribute to the superannuation fund for each employee, you simply multiply the employee’s earnings base for the relevant quarter by 9%. The earnings base used is usually ordinary time earnings. To find out more about which earnings base to use, follow these links at www.ato.gov.au Home > Superannuation > Businesses > Super topics > Superannuation guarantee.

The monthly contribution is then credited to the member's account, less administration and insurance charges.

If you need further help, please contact your employer association, CONNECT Administration Service on 1800 025 464 (freecall), or the Superannuation Guarantee Hotline on 13 10 20.