Employer contributions

A Financial Services Partners Adviser can help you determine if your employer is contributing correctly to your superannuation fund.

What are employer contributions?

Your employer must pay superannuation contributions into your nominated superannuation account by law, if you are eligible. These contributions must be equal to 9% of your 'ordinary time earnings' (your salary). For example, if your ordinary time earnings are $60,000 in a year then your employer should have contributed an additional $5,400 into your superannuation account in that same year.

Ordinary time earnings are what employees earn for their ordinary hours of work, including over-award payments, bonuses, commissions, allowances and certain paid leave.

You are eligible to receive superannuation contributions from your employer if:

  • you earn $450 or more in a month, and
  • you are aged 18 to 69.

If you are under 18, you are eligible to receive superannuation from your employer if:

  • you earn $450 or more in a month, and
  • you work more than 30 hours a week.

You can check the employer contributions being paid into your superannuation account via your superannuation statement. Your Financial Services Partners Adviser can also help you check if the right amount of employer contributions is being paid.

Talk to us about how superannuation might work for you

If you are ready to see how employer contributions can work for you as part of your superannuation strategy, we can match you with a suitable Financial Services Partners Adviser who will be happy to begin working with you to create a financial plan that's right for you.

To get started, please use our adviser matching service.

When we can help

Your life. Let us guide you...

Your Situation

Subscribe to our newsletter

Market updates delivered quarterly.

Contact us

P: 1800 006 216 E: info@fspgroup.com.au

Level 9,
347 Kent Street
Sydney NSW 2000

AFSL: 237 590
ABN: 15 089 512 587