Superannuation - Employer Contributions
UniSuper members have the option to convert their existing UniSuper Defined Benefit Division/Accumulations Super2 Employer Contributions to pre tax contributions. The converted contributions are then considered to be employer sponsored benefits.
The following should be noted:
- The employee’s salary will be reduced by 8.25%, this being the equivalent of the 7% post-tax contributions plus 15% contribution tax
- Superannuation benefits will continue to be based on gross salary before deductions are made
- The contributions will be subject to preservation requirements
It is recommended that you seek financial advice before packaging superannuation.
Taxation issues / status
The benefit is exempt from FBT and there is no GST applicable.
HR32S form to be completed and signed by the staff member.
Form of Payment
A fortnightly deduction will be made from your pre-tax gross salary.
The cost of the employee contributions. There is no administrative charge.
Contact the Superannuation Team on (03) 8344 6075 or (03) 8344 6150.