How to calculate superannuation Super is calculated by multiplying your gross salary and wages by 11.5%; this is known as the superannuation guarantee. Super is based on your Ordinary Time Earnings (OTE). Overtime and expenses are excluded but some bonuses and allowances are included. For exampl...
A superannuation is an Australianpensionprogram created by a company to benefit its employees. Funds deposited in a superannuation account will grow throughappreciationand contributions untilretirement. The term "super" is more commonly used when referring to pension plans available in Australia. The U....
Salary sacrificed super contributions won’t reduce the ordinary time earnings your employer is required to calculate your super entitlement on or count towards the amount of super guarantee contributions that your employer is required to make to avoid the super guarantee charge. 1 Salary sacrifice ma...