Superannuation
Superannuation
The Superannuation Guarantee (Administration) Act 1992 determines that superannuation is paid on Ordinary Time Earnings, which means stipends plus all unconditional allowances (including Housing and Motor Vehicle). To ensure clergy or lay ministers who are provided with a house, or a motor vehicle are not disadvantaged, superannuation will be paid on the stipend and notional housing and/or motor vehicle allowances (pro-rata if applicable).
Superannuation will be paid at the prevailing Superannuation Guarantee Contribution (SGC). The current rate of superannuation is 11.5% and will increase to 12% from 1 July 2025.
Clergy and lay ministry workers can salary sacrifice personal contributions to superannuation. Clergy wishing to do this may wish to consult a financial advisor prior to doing so as often taxation and superannuation arrangements may vary between individuals.