Superannuation
Superannuation – Contractor Responsibility
At No More Knots, therapists operate as independent contractors. As such, superannuation contributions are not paid by the business and are the responsibility of each individual therapist.
While superannuation does not impact day-to-day cash flow in the same way as income, it is an important component of long-term financial planning. Regular contributions, even at modest levels, can accumulate significantly over time and help support financial security in the future.
The purpose of this information and the accompanying calculator is to assist therapists in:
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Understanding how superannuation fits into overall income planning
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Estimating an appropriate contribution amount based on earnings
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Developing sustainable and informed financial habits
This information is provided as general guidance only and does not replace personalised financial advice.
How Much Should I Contribute?
A commonly used guideline is to set aside approximately 10–12% of gross income for superannuation. This range broadly aligns with employer superannuation contributions in employee arrangements and can serve as a practical benchmark for contractors.
For example:
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An annual income of $80,000 may equate to super contributions of $8,000–$9,600
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An income of $1,500 per week may equate to $150–$180 set aside weekly
Contributions do not need to be made weekly. Many contractors choose to contribute on a monthly or quarterly basis, often aligning contributions with tax planning or BAS payments.
The appropriate contribution amount may vary depending on individual circumstances, including:
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Career stage
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Personal financial commitments
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Periods of reduced work or leave
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Other long-term savings or investments
Consistency over time is generally more impactful than short-term contribution fluctuations.