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Your superannuation obligations

The big picture 

For a business owner, investments and superannuation go hand in hand. This means that you should consider them in tandem - from both your personal needs and from the company perspective. Together, they can make your money go further.

Your superannuation responsibilities

As a business owner, if you have any employees1, you have both statutory obligations – such as the Superannuation Guarantee Charge (SGC) – and discretionary obligations that make good business sense. Offering additional super, for example, can be an incentive that encourages and rewards loyalty and service from your employees.

On a personal level 

For you and every employee, superannuation is an investment for retirement with significant tax advantages provided by the Government.

From a company perspective 

The investment return of your employees super depends upon where your super is invested and who it is invested with.

Westpac can help

Westpac Financial Planners * can guide your employees through the maze of investment decisions, particularly when they retire or leave with substantial lump sums (such as super) to invest.

Whether it's superannuation or an investment, we have a solution to help you meet the specific needs of your business, your staff and you personally. Ask us for advice now.

For more information about super

Call 1300 553 010 or refer to these articles:

Things you should know

1. Some contractors are treated as employees for Superannuation Guarantee Charge (SGC) purposes.
* Westpac Financial Planners are representatives of Westpac Banking Corporation, AFSL No 233714.