3% Non-Superannuable Salary Loading Option instead of 3% Employer Contribution to the Accumulation Account
Staff who are members of UniSuper's Defined Benefit Division or Accumulation 2 can elect to forego the 3% employer contribution to the UniSuper Accumulation Account and instead receive a 3% non-superannuable salary loading. As stated in the UniSuper Consolidated Trust Deed, undertaking this entitlement is only possible if one of the following employee contribution rates is maintained:
|
Before tax contribution rate |
After tax contribution rate |
|
8.25% |
7.0% |
|
7.70% |
6.55% |
|
6.55% |
5.55% |
|
5.35% |
4.55% |
|
4.20% |
3.55% |
|
3.0% |
2.55% |
A 2.55% employee contribution rate must be made to be eligible to receive the 3% non-superannuable loading. Employees who have elected an employee contribution rate less than 2.55% are not eligible to receive the 3% non-superannuable salary loading.
Further information on contribution flexibility can be found in the Product Disclosure Statements: Defined Benefit Division and Accumulation 2 members and in the UniSuper Contribution Flexibility Fact Sheet for members receiving 14% Employer contributions.
Should you wish to exercise this option and are eligible to do so, click here to access the form to be completed and returned to the Superannuation Officer.
Please contact the Superannuation Officer, Sandra Lyons (extension 3156) should you have any further questions in relation to Superannuation.