I was paid $1,000 in super from my employer, why did I only receive $850 in my acccount?

by

Superhero Team

May 26th 2021 3 minute read

Employer contributions into your super are taxed at 15% when received by Superhero Super. The net amount is available for investing.

Example: If your employer paid $1,000 into your super account, $150 will be paid to the ATO as tax on contributions. The remaining $850 will be available for investing.