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Superannuation - FAQ's

How Much Super Does My Salary Attract?

As your employer, we are required to contribute to your super fund an amount of 12% of your ordinary time earnings every 3 months. These contributions are classified as Super Guarantee Contributions (SGC) and are calculated pre-tax, therefore counting toward your concessional contributions cap.

 

When Are My Super Contributions Paid to My Fund?

From 1 July 2026, superannuation is paid each time we process payroll. This means that whenever we process payroll, the corresponding superannuation contribution is also processed, rather than being held and paid quarterly. 

Please note, processing times can take up to 7 business days to actually reach your super account.

 

Can I Make Additional Contributions to my Super Fund?

Yes! At Oncore we offer our contractors the option to make additional pre-tax contributions to your superannuation funds, through a salary sacrifice arrangement.

Please see our article relating to Salary Sacrificing to your Super Fund for more information on this.


What is the Concessional Contributions Cap?

The concessional contributions cap for 2026FY is $30,000 for everyone, regardless of age. Concessional contributions are those contributions that are made to your fund before tax, such as any SGC or Salary Sacrifice contributions.

The date that your contributions relate to is based on when these are received by your fund, not when they are accrued or paid.

If you exceed your cap, the excess will be included in your assessable income when you lodge your tax return for the year and will be taxed at your marginal tax rate. You will also incur an additional interest charge from your super fund for exceeding this cap. You will be entitled to a 15% tax offset to compensate you for the tax that you have already paid on this amount in your super fund.

As a courtesy, our compliance team monitors the concessional contributions that Oncore has processed to our contractor's super funds each Financial Year. If any contractor is approaching this cap, they will be alerted by our team and provided with options to potentially avoid exceeding the cap.