Superannuation

At Master Builders, we offer general information about your superannuation obligations. As superannuation is complex, we suggest seeking financial advice about your specific circumstances.

The superannuation guarantee

You must make compulsory superannuation payments (contributions) for your employees into their complying super fund or retirement savings account, under the Superannuation Guarantee (Administration) Act 1992.

The current contribution rate is set at 9.5 per cent of an employee’s ordinary time earnings (OTE). OTE refers to what an employee is paid for ordinary hours of work and includes casual loading, shift loading, commission, lump sum payments, paid leave and certain allowances.

Need more information?

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