A chart to see if you are on track for a ‘Comfortable’ Retirement (Yellow Line), or on a path for maximum allowable tax-free income (Red Line). The Red Line was calculated using an earnings figure of 6% p.a. The Green and Blue Lines are theaverage amounts of super that Men and...
Maximum Contribution Base An employee’s maximum contribution base is the maximum amount to which an employer is required to apply the superannuation guarantee percentage. If an employee earns more than the maximum contribution base the employer is only required to pay superannuation guarantee on the ...
Employers must contribute 9% of each employee's earnings base (generally defined as Ordinary Time Earnings) up to a set quarterly maximum to a complying superannuation fund or retirement savings account. If employers do not make the required contributions for an employee by the due date (see ...
Employers must contribute 9% of each employee's earnings base (generally defined as Ordinary Time Earnings) up to a set quarterly maximum to a complying superannuation fund or retirement savings account. If employers do not make the required contributions for an employee by the due date (see ...