Super for my business and employees
Super for your employees
Employers are usually required by law to make Superannuation Guarantee (SG) contributions to a complying superannuation fund on at least a quarterly basis.
The current compulsory level of SG contributions is 9% of an employee’s salary. Penalties may be imposed if you fail to pay these contributions. Some exceptions for SG may include employees earning less than $450 in a calendar month (before tax) although you must still provide super support for any month in which the employee is paid $450 or more, and those under 18 years working 30 hours or less per week.
Employees may also make additional contributions using salary sacrifice.
The Choice of Fund Legislation means that certain employees have the right to choose the superannuation fund to which their SG contributions are to be paid.
To learn more about your responsibility to your employees regarding super, contact the Australia Tax Office Superannuation Helpline on 13 10 20 or visit the ATO Superannuation website.
More choices for your business
AMP offers business owners a range of superannuation and retirement plans that can be tailored to suit your own needs and those of your employees, including:
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SuperLeader– simple and cost-effective superannuation for employers of any size, with the choice of 4 investment options and a number of insurance alternatives.
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Flexible Lifetime - Super - greater control, flexibility, wide investment choice (over 60 investment options), professional fund management, and a variety of insurance alternatives for death, permanent disability and income protection, suitable for you and your employees.
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CustomSuper - a flexible solution for larger employers, designed to give your employees wide investment choice (over 60 investment options) and a variety of insurance alternatives for death and disability.
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SignatureSuper - a competitive master trust for accumulation and defined benefit-style super members, designed for larger businesses.