November 1, 2007 @ 3:54 pm
Changes to superannuation contributions
It seems superannuation has changed once again. Did super changes become an annual event while I was outside the country? Either way, its very relevant to some wage earners, particularly people whom fall under a contract involving commission and bonuses. Robin Bowerman explains:
Money quote:
If you have what is often known as a total-fixed-remuneration package – with your employer agreeing to pay you a total dollar amount including all super – your take-home pay may be reduced under the new system from July next year. But the actual value of your package will not change.
