Saturday, January 19th 2019

Question

What is superannuation paid on?

Interesting Question?   (8)   (15)



Answers (2)

8th Dec 2009 by Gary

Superannuation is nothing more or less than a pensin plan offered by a company. Normally any funds an employee puts into the plan will grow without being taxed until the time they start drawing on it.

Included in the pension plan would be funds put into the fund by the employer (defined benefit plan), or a defined contribution plan, which would be where employees contributed to the paln. Either way, it is called superannuation.

Like This Answer?   (0)   (0)
This answer is the subjective opinion of the writer and not of FinancialAdvisory.com
12th Nov 2009 by Tobias John Sterling

During a person's working life, money is paid into their chosen superannuation fund account on their behalf by their employer(s). This payment is a percentage of the person's salary or wages. Currently the percentage is set (by law) at 9%. In addition, people can choose to 'salary sacrifice', which means voluntarily contributing more of their pre-tax earnings to their superannuation. A person's superannuation is of course also affected by whatever investment gains (or losses) are made by the fund their account is with.

Like This Answer?   (4)   (0)
This answer is the subjective opinion of the writer and not of FinancialAdvisory.com



21st Oct 2009 In Retirement 2 Answers | 2923 Views
Subjects: superannuation,

Answer This Question / Give Your Opinion
What is superannuation paid on?


Answer: *

What country is this answer relevent to? *
Your Name: *

Enter Verification Number: *


Give Your Opinion
What do you need to open up a bank account in South Africa?
Share a simple answer to help inform others:
Specific to any country?
First name / Alias

• Your answer will be posted here:
What do you need to open up a bank account in South Africa?
Unanswered Questions in Retirement
What is a retail super fund?
What are industry super funds?
Which are the best performing super funds of 2010?
Which are the biggest super funds?
What are diy super funds?

Answered Questions in Retirement
How to access superannuation?
What is superannuation paid on?
What is a super fund?
How much superannuation do i pay?
How much is superannuation?
Ask A Question
Get opinions on what you want to know:
Specific to any country?