How to make contributions

TelstraSuper accepts contributions from all employers if you have employee(s) who are existing TelstraSuper members. 

Start contributing for your employees

Use the following details to make contributions via SuperStream.

How to make contributions

If you have employees who are members of TelstraSuper you can make contributions on their behalf. You do not need to register as an employer to make contributions. Simply contact your SuperStream solution provider and use the following information:

Fund name: TelstraSuperannuation Scheme
ABN: 85 502 108 833
USI/SPIN: TLS0100AU

Payroll support

If you have any questions or are currently using a different payment method, please contact the Employer Services team on 1300 033 166 between 8.30am and 5.30pm, Monday to Friday or contact our Client Partnership team on the details below.

Nik Cunningham
Client Partnership Manager, TelstraSuper
nik.cunningham@telstrasuper.com.au
Phone: 03 9617 6572  |  0428 911 766

For further information about SuperStream, visit the ATO website.

Information on making contributions

The Superannuation Guarantee (SG) legislation requires most employers to pay a minimum of 9.5% of the employees' ordinary time earnings as super. If paid on time, these payments can be claimed as a tax deduction.

Who you need to pay for

You need to pay SG contributions for employees who are at work or on leave, such as:

  • Paid sick leave
  • Long service leave
  • Annual leave
  • Workers' compensation (in some circumstances).
Under the legislation, you don't have to pay SG contributions for employees who are:
  • Earning less than $450 in a calendar month
  • Under 18 years of age and working less than 30 hours a week.

Employer contributions are also generally not required when an employee is away from work and not receiving pay, such as on parental leave or approved leave without pay.

How much super to pay

You currently need to pay a minimum of 9.50% of each eligible employee's ordinary time earnings; however this is set to increase over the coming years. Ordinary time earnings are generally what your employees earn for their ordinary hours of work, including over-award payments, commissions, shift loading, and certain bonuses and allowances. Payments for overtime hours are generally not ordinary time earnings.

There are caps on how much super members can contribute each year before being taxed at a higher rate. We write to members when they are nearing their caps so they can make decisions on whether to continue making contributions.

When do I pay super contributions?

You have to pay money at least four times a year into the super account of an eligible employee. Payments must be made by the following quarterly due dates:
Quarter Due date for payment
1 (July – September) 28 October
2 (October – December) 28 January
3 (January – March) 28 April
4 (April – June) 28 July

Maximum superannuation contribution base

The maximum superannuation contribution base is used to determine the maximum Superannuation Guarantee (SG) contribution that an employer is required to make under the super laws.

The maximum superannuation contribution base (MSCB) for the 2017/2018 year is $52,760 per quarter, or the equivalent of $211,040 annually.

High income contribution tax

Anyone earning an adjusted taxable income of more than $250,000 pays an extra 15% tax (total of 30%) on before-tax (concessional) super contributions. The 30% tax rate applies to the part of your before-tax contributions that are over $250,000. 

Choice of super fund

Generally you must allow your staff to choose the fund they want their super to be made into. This is called choice of fund. As an employer you need to have a default fund where you pay superannuation contributions if your staff don't choose their own super fund.

If you do have to offer choice of fund, you must give your employees a choice of fund form when they join your company.

Download the Choice of Fund form