What are the super contribution caps for 2020-21? Find the ESCT rate for each employee Deduct ESCT under the PAYE rules Deduct ESCT from each employer contribution Jump back to the top of the page top. Employer super contributions made under a collectively negotiated industrial agreement. Wall Street extends slide. Your current super balance and annual salary information. Explore whether making before-tax or after-tax contributions will give your super a bigger boost. Find out more. EPSC rates that apply from pay 1 (1 July 2020) of 2020/21 are below. Refer to the Australian Taxation Office (ATO) website for details. You may also like to try our Salary Sacrifice Calculator or / and Dividend Tax Calculator. Use the Employer Productivity Superannuation Contribution (EPSC) rates to calculate the fortnightly funded employer contributions. Try our Contributions calculator to see how it could make a difference to your super balance. Income Account Payment Calculator. As an employer, you have to contribute a lot more payment than just the salary of your employees. This calculator generates factual information illustrating the effect of salary sacrifice and Government contributions on take home pay and superannuation contributions based on certain assumptions. It is intended for educational and information purposes only and does not constitute a recommendation or statement of opinion about super contributions. The calculator is intended to provide estimates only about the impact making pre-tax and post-tax contributions could make to your super. Super or Superannuation is a government scheme designed to help Australians to save for their retirement. The calculator assumes that these employer contributions will increase to the extent required to meet the employer's SG obligations under government legislation. If you’re looking for a super fund suited to you and your personal circumstances, you can compare a range of providers and funds with Canstar. Employer; Contact us Expand. Employees can choose their own superannuation fund or retirement savings account. Please refer to the back of this form for the superannuation fund compliance letter. Topics. Set up new employees. While you are working, your employer is required to make contributions into your superannuation fund equal to a rate of 9.5% of your salary. You need to make super contributions for your employees. Login. The current caps are: Before-tax super cap: $25,000 (including employer contributions) – but could be more where members use the ‘carry forward’ rule. your employer contribution is included in your employees' gross salary or wage. 1 This is called the Superannuation Guarantee (SG) and is a before-tax contribution. 2. You do not have to use this calculator. If you made any after-tax contributions to your super in 2020/2021, this calculator works out how much co-contribution you may be entitled to for the 2020/2021 financial year. The calculator shows the lowest, median and highest regular contributions of GESB members like you, based on your salary and whether you have a West State Super or GESB Super account. Employer Online. And there are many more! This calculator helps estimate how much money you could get in retirement, how long your super could last and how adding a few extra dollars to your super now, could make a … Member login . Did you know, contributions made into your super don’t have to stop there? There's a super calculator for that. Use the Super-savings fee calculator ; Use the Income account fee calculator ; Insurance calculators . Stay connected by managing your super and income stream online. No allowance is made for any other tax on super. There are more ways than one to boost your super savings, which you could start doing at any time. For most people superannuation begins when you start work and your employer starts paying super for you - these payments are known as super guarantee contributions or concessional contributions. Information to have ready. You can calculate the contributions on the full amount you pay your employees (before tax) for each payment period. Get started . CPF e-Submit@web is reliable, easy to use and it saves time! Ordinary Time Earnings The SGAA requires contributions to be made by reference to the concept of ordinary time earnings (OTE). Employees contribute 6% of their gross salaries and the employer contributes 8.4%, which is based on the employee gross salary and is paid by the employer from its own funds. The rate of ESCT to deduct can vary for each staff member. Members may if they wish, make additional voluntary contributions from 6% up to a maximum of 15% of their fortnightly gross salary to the Fund to maximize their superannuation savings with the Fund. 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