Do casual employees get super? Casual employees in Australia are not entitled to superannuation payments from their employer. This means that if you are a casual employee, you will not receive any money from your employer to help fund your retirement.
There are some exceptions to this rule, however. If you have been employed as a casual for at least 12 months, and have worked an average of 30 hours per week over that time, then you may be eligible for superannuation payments from your employer.
Alternatively, if you are a casual employee who has turned 65 years old, or has worked for the same employer for at least 10 years, then you may also be eligible for superannuation payments.
If you are not entitled to superannuation payments, there are other options for setting money aside for retirement. For example, you could invest in the share market, open a bank account with an interest rate higher than average, or buy term life insurance online .
Need for casual employees get superannuation in Australia:
Due to casual employees not receiving superannuation payments, many people are setting up their own retirement savings schemes. Some employers will offer employer contributions for casual staff; however these are not compulsory. Other options include ‘salary sacrificing’ money into superannuation, which means you forego the amount of income you would have received during the year in return for having your employer contribute to your super fund.
The average age of retirement in Australia is around 65 years old , so it’s important that you start thinking about this well in advance. You may be able to change your employment arrangement or seek financial advice if you find yourself unable to save enough money before retiring. If you choose not to receive superannuation payments from an employer when they are offered, you might not be able to make it up, meaning your retirement savings will start out at a disadvantage.