What is the superannuation guarantee?

As an employer, you are required to pay super contributions on behalf of all your eligible employees. These contributions are in addition to your employees’ salaries and wages. This compulsory contribution is called the superannuation guarantee, and it requires you to:

• pay super for your eligible employees
• contribute to the correct super funds
• pay contributions by the cut off date each quarter.

You are also required to offer your eligible employees a choice of super fund – see Do I need to offer my employees a choice of super fund?