Super Salary definition
Super Salary is the salary to be used for all other calculations, including overtime, annual leave and long service leave payments. Employees may review and alter the percentage or may rescind the Agreement and Schedule with two weeks prior notice in writing to the Senior Corporate Services Officer to be effected from the following pay period The employee shall bear the responsibility and costs associated with the taxation and any other matters in respect of the salary sacrifice arrangements. This means that the employee’s payroll deductions will comprise of the percentage of salary to sacrifice plus 15% contribution tax. Salary sacrifice contributions are preserved contributions, i.e. cannot be drawn before retirement date. These arrangements shall only apply to future salary arrangements and cannot operate retrospectively. It is the employee’s responsibility to seek advice and fully understand all implications of y sacrifice before seeking to enter into this arrangement. salar