QIEC Super - first in our class

For most employees this means 9% of your ordinary time earnings.*

Under current legislation, your employer is required to pay an amount equal to 9% of your ordinary time earnings into your super account until age 70. This requirement is known as the Superannuation Guarantee (SG).  If you are covered by a Enterprise Bargaining Agreement (EBA), or Australian Workplace Agreement (AWA), your employer is required to pay the amount stated in the Agreement or the SG amount, whichever is greater.

Caps apply to contributions made to your super account. Any super contribution over the cap amount is subject to extra tax.

Employer contributions are counted towards the concessional contributions cap.

*The definition of 'ordinary time earnings' is available by clicking here.