Help CentreThe Super Guarantee (SG) is a fundamental part of Australia's retirement savings system. It mandates that employers contribute a percentage of their employees' earnings to their superannuation funds. This contribution is designed to ensure that individuals have sufficient savings for retirement.
Key Aspects:
- The SG rate is set by the government and is a percentage of an employee's ordinary time earnings (OTE).
- Employers are legally obligated to make SG contributions for eligible employees.
- SG contributions are calculated based on the employee's earnings, with a minimum percentage set by the government.
How Claimsplus Lawyers Can Help:
Claimsplus Lawyers can provide expert guidance on SG compliance, ensuring that employers meet their legal obligations and employees receive the contributions they are entitled to.
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