Contributing to Super
Superannuation Guarantee
Compulsory superannuation was introduced in 1992 for almost all workers. Your employer will pay the Superannuation Guarantee Contributions (SGC) if:
- you are between the ages of 18 and 70 and
- you are paid $450 or more in a calendar month
The current SGC rate is 9% of your earning base or your superannuation salary. A history of the SGC rates are shown below:
| Year | Rate % |
|---|---|
| 2010/2011 | 9% |
| 2009/2010 | 9% |
| 2008/2009 | 9% |
| 2007/2008 | 9% |
| 2006/2007 | 9% |
| 2005/2006 | 9% |
| 2004/2005 | 9% |
| 2003/2004 | 9% |
| 2002/2003 | 9% |
| 2001/2002 | 8% |
Employers are only required to contribute the SGC at the current rate to the maximum superannuation guarantee contribution base. A history of the maximum contribution base is show below:
| Year | Max Cont Base per annum |
Max Cont Base per quarter |
|---|---|---|
| 2010/2011 | $168,880 |
$42,220 |
| 2009/2010 | $160,680 |
$40,170 |
| 2008/2009 | $152,720 |
$38,180 |
| 2007/2008 | $145,880 |
$36,470 |
| 2006/2007 | $140,960 |
$35,240 |
| 2005/2006 | $134,880 |
$33,720 |
| 2004/2005 | $128,720 |
$32,180 |
| 2003/2004 | $122,240 |
$30,560 |
| 2002/2003 | $116,880 |
$29,220 |
| 2001/2002 | $110,040 |
$27,510 |
Your employer must pay the SGC to the Plan at least quarterly. The Qantas Group employers pay SGC contributions to the Plan when pay is run for each payroll.
