What is superannuation?
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Help Center | What is superannuation?
Published: Feb 19, 2021
Superannuation is a compulsory retirement savings contribution that employers pay on top of your wages.
The Superannuation Guarantee rate is currently 12% of your ordinary earnings, and the old $450-a-month minimum earnings threshold no longer applies, so eligible employees are generally entitled to super regardless of how little they earn in a month. Most temporary visa holders, including student visa holders, are eligible to receive it.
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