Retirement might seem like a long way away. But it’s important to know how much super you should be paid, and that it’s being paid to secure your future.

What you need to know

 What is superannuation?

Personal superannuation is money that’s put aside and saved while you’re working, so you can enjoy a regular income later in life when you retire. Your employer must pay money into a super account in your name, which is then managed by a super fund.

They must pay  9.5% of your income, including bonuses, commissions and loadings into your superannuation account. This is called the Super Guarantee and it’s the law. You can also add extra money to your super account, so you’ll have even more to live off when you retire. If you’re self employed you choose how much of your income you set aside for superannuation.

If your under 18 you are entitled to superannuation if you work over 30 hours per week.

Superannuation has to be paid at least every 3 months, into your nominated superannuation account.

What can I do if I need help?

If you’re experiencing a problem with your pay, read on to find out more information on what you can do. To access this information you need to be a HSA member. It’s easy to join.

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