3min chapter

Dev Raga Personal Finance cover image

231 superannuation part 1

Dev Raga Personal Finance

CHAPTER

Are You Eligible for Mandatory Super?

If you're earning less than $450 per month and over the age of 18 then you are eligible for mandatory super contributions. That rule has gone as of the 1st of July 2022. Now it is not paid on irregular overtime payments termination payments performance bonuses any reimbursed expenses or car allowances from your employer. Most healthcare workers in the public system may get some sort of leave loading of around 17 or 18 percent. So that 17 or 18percent is not eligible for mandatorysuper. parental leave payments don't have mandatory super contributions gratuities and redundancy payments.

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