Generally, all employees are eligible for super guarantee. It doesn't matter if the employee is: full time, part time or casual.
Do part-time and casual employees get super? Yes. Under superannuation guarantee legislation, all employers must pay a minimum of 10.5% super for all eligible staff, whether they're full-time, part-time or casual.
The amount of super an employer must pay a casual employee is worked out in the same way as it is for permanent staff. If a casual worker meets the criteria, then their employer must pay super into the worker's super fund at least once a quarter.
It doesn't matter whether you have a full time, part-time or casual job, if you're over 18 your employer should pay super contributions for you. For more information, see our What is super?
When it comes to younger employees, the short answer is: if they're under 18, earn at least $450 in a calendar month (before tax) and work more than 30 hours per week—they're entitled to superannuation. Contact us at Nationwide Super if you'd like to know more.
You can get your super when you retire and reach your 'preservation age' — between 55 and 60, depending on when you were born. There are special circumstances where you can access your super early.
You can access your super when you: reach your preservation age and retire. reach your preservation age and choose to begin a transition to retirement income stream while you are still working. are 65 years old (even if you have not retired).
Your employer is not required to make super contributions if you're: paid to do work of a private or domestic nature for 30 hours or less each week. a non-Australian resident and you're paid to do work outside Australia. an Australian resident paid by a non-resident employer for work done outside Australia.
Superannuation. At KFC our default super provider is Rest. Your payroll team will automatically contribute to your super account each quarter. If you want to choose a different super provider - you can, just let your payroll team know where they need to contribute your super entitlements.
Casuals don't get paid days off, notice of termination or redundancy pay, even if they work regularly for a long time. In some states and territories long serving casuals are eligible for long service leave.
Casual employees receive a higher rate of pay to compensate for the fact that they do not receive all the same paid entitlements as a permanent employee, such as annual leave or personal leave. Note: The Fair Work Act was amended from 27 March 2021 to include a definition of casual employment.
To be eligible for salary packaging, you need to be permanent full time, permanent part-time or a temporary employee with a contract of at least three months duration. If you are a casual employee you need to contact SalaryPackagingPLUS to discuss your eligibility.
This type of contribution includes the superannuation guarantee (SG) contributions made by your employer on your behalf (usually equal to 10.5% of your salary) and any additional salary sacrifice contributions you choose to make.
Failure to abide by a direction to pay superannuation can result in a fine of up to $10,500 or 12 months imprisonment.
Super is payable on all “ordinary time earnings” (OTE), the earnings you pay an employee for their usual hours of work. OTE includes base rates, shift loadings, bonuses, commissions and most allowances.
For example, if the award/agreement-free employee is on a contract that provides their ordinary hours are 38 hours per week, and they happen to work 41, then super is only payable on the 38 hours.
The new national minimum wage will be $23.23 per hour, and $882.80 per week, based on a 38-hour week. But that increase in the minimum wage comes with an important technicality.
Assume, for example, you will need 65 per cent of your pre-retirement income, so if you earn $50,000 now, you might need $32,500 in retirement.
the deceased's spouse or de facto spouse. the deceased's former spouse or de facto spouse. a child of the deceased under 18 years old. a person financially dependent on the deceased.
If you're 60 and over, the income will generally be tax-free. If you're between your preservation age and 59, the components of your super will dictate how it will be taxed.
Regardless of your circumstances and whether you're working, everyone can access their super at age 65. At this age, even if you're still working, you'll have full access to your super. Visit the ATO website to learn more about when you can access your super.
Almost anyone can contribute to super, including housewives, retirees, children, employed, self-employed and unemployed individuals. A super fund can accept contributions for an individual under age 65 without restriction.