Testimonials


I had no idea where my lost super was or the names of the funds. I just new it was scattered everywhere and I should definitely have more than $3,000 in my super. Australian Super Finder found all 7 of my funds and now my balance is almost $50,000. Thank you so much for getting my super back on track. ? Leonie, Thomastown VIC


Super Facts and Tips

Limit on SG Contributions for 2015/2016 Year

The optimum superannuation contribution base is utilized to determine the maximum Superannuation Guarantee (SG) contribution that a company is required to make under the super laws.

The maximum superannuation contribution base (MSCB) for the 2015/2016 year is $50,810 per quarter, or the equivalent of $203,240 annually. The MSCB for the 2014/2015 year was $49,430 per quarter, or the equivalent of $197,720 annually. For the 2013/2014 year, the MSCB was $48,040 per quarter or the equivalent of $192,160 per year.

All eligible staff members have a right to SG, although the amount of SG you get goes through this upper earnings limitation, which is indexed each financial year. What this implies in SG terms is:

- For the 2015/2016 year: the maximum SG that a company is required to contribute is the equivalent of 9.5% of an individual's salary as much as a maximum wage of $50,810 per quarter ($ 203,240 a year). The optimal quarterly SG payment exercises to be $4,826.95 per quarter, that is, $19,307.80 for the year.
- For the 2014/2015 year: the maximum SG that an employer is legitimately made to contribute is the equivalent of 9.5% of a person's maximum salary of $49,430 per quarter ($ 197,720 a year). The maximum quarterly SG payment is $4,695.85 per quarter, that is, $18,783 for the year.
- For the 2013/2014 year: the optimum SG that an employer is asked to contribute is the equivalent of 9.25% of an individual's salary up to a maximum wage of $48,040 per quarter ($ 192,160 a year). The maximum quarterly SG payment exercises to be $4,443.70 per quarter, that is, $17,775 for the year.
- Your employer should contribute 9.5% for the 2015/2016 year (and 9.5% for the 2014/2015 year, or 9.25% for 2013/2014 year) of your income only approximately the optimum superannuation contribution base, which is linked to an individual's earnings. What this indicates is the following:
- For the 2015/2016 year: if your income for SG goes beyond $50,810 each quarter ($ 203,240 a year), your company makes your SG contributions on the basis of the optimum superannuation contribution base.
- For the 2014/2015 year: if your income for SG exceeded $49,430 each quarter ($ 197,720 a year), your employer makes your SG contributions on the basis of the MSCB.
- For any incomes above this MSCB, your employer does not need to pay superannuation contributions under the SG guidelines for any revenues above this MSCB limit. For instance, for the 2015/2016 year, if you earn $210,000 a year plus SG, your company does not contribute 9.5% of your $210,000, however 9.5% per cent of $203,240 (for the 2015/2016 year), which works out to be an annualised $19,308 a year (or just $4,827 each quarter). Note that it is possible to make a personal arrangement that your company pays extra super contributions in addition to the maximum SG amount, even without an arrangement, your employer is not required to pay superannuation above the MSCB.

All information on this website is of a general nature only. We have not taken into account your financial situation, needs or objectives. You need to make up your own mind and ascertain yourself if it is right for you. We recommend you read the product disclosure statement(s) and the financial services guide before making any financial decision.

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