How do I calculate the Super contribution of 9.5% for employees earnings?
Generally superannuation contribution is on all earnings (before tax). So just multiply earnings times 0.095 and you will get super contribution amount. In other words, if earnings are $1,000, then superannuation contribution will be $95.
If you want to get fancy and save money, you can exclude some earnings from the calculation. For example, you don’t have to pay superannuation on overtime or annual leave loading. So for example, if earnings include overtime $100, then you can calculate superannuation on $900 only. That’s
$900 × 0.095 = $85.50. Many employers don’t bother with this for the sake of keeping calculations simple and straightforward.
See ATO website for more info: http://calculators.ato.gov.au/scripts/net/SGCalculatorWeb/help/Amount.aspx?ms=Businesses