From 1 July 2022, employers must make superannuation contributions of 10.5 percent to ALL employees, regardless of what they earn.
The only exception is staff who are under 18, and work less than 30 hours a week and earn less than $450 before tax in one month.
If your employer is not making super contributions, it is important that you act fast, because the longer you don’t have that money in your account, the more interest and investment returns you will miss out on in the long run – which could mean losing thousands of dollars by the time you retire.
Always read every pay slip to check how much superannuation has been paid into your account, and then check that this matches the balance of your super fund.