Superannuation is simply money that you put away for your retirement. Super funds, then invest this money to assist its growth over time. It is the time aspect of super that makes it such as effective way of planning for your retirement.
Although none of us want to focus on a time when we cannot work, not do the things we can do now or a time when we will need greater assistance just to live it is a fact of life and will come to all of us.
Most employees from the age of 18, who are paid $450 (before-tax) or more in a calendar month are covered by Super Guarantee (SG) legislation, irrespective of whether working full-time, part-time or on a casual basis.
Your employer will place the Super Guarantee compulsory contributions into a super fund on your behalf. All employees have a right to choose their own super fund, but it you do not, the responsibility falls to the employer to choose a default fund.
We are super lucky as our default fund Kinetic Super, is a strong industry fund, with good returns, solid investment strategy and many of our employees have joined.
In exciting news for 2018, our default Industry Fund, Kinetic Super is joining forces with Sunsuper, Australia’s Super Fund of the Year on 12 May 2018.
The merger will create one of Australia’s largest profit-for-members super funds, meaning everyone will benefit from the increased scale, size and capabilities.
For any CIRCLE Recruitment & HR employees in addition to strong performance, competitive fees and greater investment choice, the merger with Sunsuper gives additional benefits including:
• Tailored digital engagement, including the Sunsuper App
• Immediate discounts and benefits through the exclusive Dream Rewards program
Award winning customer service and non-conflicted advice
If you are feeling like your current fund is not giving you the service and outcomes, you are looking for perhaps it is time to look at other options? Super is important and at CIRCLE Recruitment & HR we want to make sure we offer the best alternatives to our workers!
Important Note: These articles have been prepared for general circulation and are circulated for general informational purposes only; these articles should not be regarded as business or investment advice. The articles represent the views of the writers and are subject to change without notice. Additionally, while every care has been taken in the preparation of the articles no representation or warranty as to accuracy or completeness of any statement is given. An individual or organisation should, before any business or investment decision is made, consider the appropriateness of the information in this document, and seek professional advice, having regard to objectives, situation and needs. This document is solely for the use of the party to whom it is provided.