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Asked by: yan 16 views Superannuation Money
say you earn 500.00 a week does the super come out of that or is it on top of?
loulea on Feb 22, 2012 reply
The 9% super contribution is the employers contribution so it doesn’t come out of your pay at all. It is based on 9% of your gross wage. You can co-contribute a set amount as well if you want. (This is a good idea)
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Harriet on Feb 22, 2012 reply
It’s usuaully 9% on top of your pay except for some jobs where they include it in the annual figure. Most give an annual figure plus super. So you would have to check carefully when applying for a job.
Harriet
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