Super as an incentive
A good super scheme is an incentive for attracting and retaining staff.
Growing awareness of the importance of super
Increased media coverage has contributed to a greater awareness of investing. In a Challenger/ASSIRT Investment Sentiment Index, superannuation is now only second in popularity to home ownership.
The Superannuation Guarantee (SG)
Employers are required to pay a minimum charge or make minimum superannuation contributions for most employees. Casuals or staff who earn less than $450 a month are exempted.
Originally set at 3% when introduced by the Government in 1992, the minimum statutory requirement for the 2009/2010 financial year is 9% of the employee's earnings base.
The need for professional advice
An increasing number of people are seeking professional advice to make their super work effectively rather than trying to keep abreast of changes themselves. Schedule an appointment to speak with one of our experts.