Business
$1,710 problem with JobKeeper – Yahoo Finance Australia
Employers aren’t required to contribute to their staff’s nest egg if no hours have been worked.
Many Australians receiving the governments $1,500 wage subsidy, JobKeeper, may find that, come September, their nest egg is around $1,710 lighter than expected.
Thats because employers are not actually required to contribute the 9.5 per cent super guarantee to their employees super fund if the employee isnt genuinely working.
According to the Australian Taxation Office (ATO), the employer is not required to contribute any superannuation on any amount of JobKeeper the employee receives in addit…
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