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    Thread: In job descriptions what does + Super mean?


    1. #1

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      In job descriptions what does + Super mean?

      Hi, we arrive in Adelaide on November 5th and it just can't come quick enough. We're in the process of applying for jobs even though we think it's a little early.

      In lots of the job descriptions it mentions super after the salary.

      e.g. $1,000,000 + super + incentives

      Can anyone tell me what this means?

      Thanks

      Woody.

      PS I could only dream of a salary that high

    2. #2

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      Super = Superannuation which is your pension fund.

      Salary + super shows that your employer will make a payment of super on your behalf on top of your salary.

    3. #3

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      Cool, thanks Flutterby. That reminds me that I have to get my pension transferred to Oz at some point. Maybe when the exchange rate is a little more favourable though.

    4. #4

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      Hey Woody

      Usually when jobs are advertised they will quote base plus Super, Super has to be paid at minimum 9% of salary which generally includes bonuses ( http://www.tasplan.com.au/forms/Tasp...inal-90983.pdf )

      However some employers do pay in more than the 9%.

      Just be mindful of jobs being advetised that bundle the whole package, therefore your base would be lower as Super has been included in the advertised salary, only a few do it like this though.

      Andy
      Woody and Jane likes this.
      Director - Vista Financial Services - Financial Advisor and Mortgage Advisor for Poms in Adelaide - UK Pension Transfers / Financial Advice / Mortgage Advice
      Andrew@vistafs.com.au FPA & MFAA Member, Adv Dip FP www.vistafs.com.au Ph: 08 8381 7177

     

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