Does Total Remuneration Package Include Superannuation?

A total remuneration package (TRP) is a salary arrangement where your employee receives a salary package that includes the employee's salary and the cost of all other benefits, including super.

Is Super included in remuneration?

Does Remuneration Package Include Super? Yes, a remuneration package can incorporate Superannuation, as it refers to compensation for the employee's services and encompasses more than just a rate of pay.

How is super on total remuneration package calculated?

Super is calculated by multiplying your gross salary and wages by 10%; this is known as the superannuation guarantee. Super is based on your Ordinary Time Earnings (OTE). Overtime and expenses are excluded but some bonuses and allowances are included.