Superannuation
Oct 12th 2003, 9:48 pm
#1
Just Joined
Thread Starter
Joined: Oct 2003
Location: Reading - fingers crossed for Oz soon!
Posts: 8
Superannuation
Hello
Had a chat with a financial advisor the other day about pensions & the like and he seemed to think that upon finding work in Oz it is compulsory to pay into superannuation - is this true?
Had a chat with a financial advisor the other day about pensions & the like and he seemed to think that upon finding work in Oz it is compulsory to pay into superannuation - is this true?
Oct 12th 2003, 11:20 pm
#2
Banned
Joined: Mar 2003
Posts: 4,432
Re: Superannuation
Originally posted by Bonus
Hello
Had a chat with a financial advisor the other day about pensions & the like and he seemed to think that upon finding work in Oz it is compulsory to pay into superannuation - is this true?
Hello
Had a chat with a financial advisor the other day about pensions & the like and he seemed to think that upon finding work in Oz it is compulsory to pay into superannuation - is this true?
Superannuation Guarantee
Salary Sacrifice
Oct 13th 2003, 12:00 am
#3
Migration Agent
Joined: May 2002
Location: Offices in Melbourne, Brisbane, Perth, Geelong (Australia), and Southampton (UK)
Posts: 6,459
Compulsory for the employer ... not for you ... see the links on the above posting.
Best regards.
Best regards.
Oct 13th 2003, 9:23 am
#4
Joined: Aug 2003
Posts: 11,149
One thing for IT people to be aware of is that some agents try and sell the salary package including superannuation as though they are offering you something extra. You get your salary plus you get superannuation.
Eg job 1 Salary is 50000
job 2 Salary package is 54,500 (because they include the super)
Job one has to pay the super anyway so both packages are equal. Anyone trying this on with you should be treated carefully.
Above figures are indicative only.
Eg job 1 Salary is 50000
job 2 Salary package is 54,500 (because they include the super)
Job one has to pay the super anyway so both packages are equal. Anyone trying this on with you should be treated carefully.
Above figures are indicative only.
