All Topics / Legal & Accounting / Super 9% and Salary Sacrificing

Viewing 3 posts - 1 through 3 (of 3 total)
  • Profile photo of siraitkensiraitken
    Participant
    @siraitken
    Join Date: 2006
    Post Count: 41
    September 12, 2006 - 3:11 pm

    I’m just curious as to whether the compulary 9% superannuation paid by employers is on your gross income or your income after salary sacrificing.

    EG. Gross 50k x 9% = $4500
    or after salary sacrificing of 20k, 30k x 9% = $2700

    Cheers,
    Dave

    Profile photo of DaviddanaeDaviddanae
    Member
    @daviddanae
    Join Date: 2005
    Post Count: 64
    September 13, 2006 - 5:19 am

    Hi Dave,
    Some companies only pay super on a standard 38 / 40 hour week, while others pay super on all hours worked / total gross earnings. It should be outlined in your terms of employment.

    David

    Profile photo of ctaingctaing
    Participant
    @ctaing
    Join Date: 2006
    Post Count: 111
    September 21, 2006 - 2:32 am

    I agree with David.

    Gross before salary sarifice amount should be amount to determine the 9% SGC. Otherwise you’re shortchanged. Check contract signed if you have one.

    CT

Viewing 3 posts - 1 through 3 (of 3 total)

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