28 April 2013

Wanting to increase the retirement nest egg?

While all employers make mandatory contributions to their employees superannuation fund, with sgfleet salary packaging, employees could make additional contributions to their super fund using pre-tax dollars. This could enable employees to increase their nest egg from their pre-tax salary.

 

Any limitations?

There are no limits on the type of organisations that can offer this great benefit but a limit of up to $25,000 a year can be voluntarily contributed to a super fund, without incurring any tax penalties.

Employees should contact their employer to see if salary packaging additional super contributions is available as part of their workplace benefits program.