Common use of Salary Sacrifice to Superannuation Clause in Contracts

Salary Sacrifice to Superannuation. (a) An employee can elect to sacrifice a portion of salary to superannuation. Such election must be made prior to the commencement of the period of service to which the earnings relate and be in accordance with relevant legislation. (b) Salary sacrifice to superannuation means the option of making additional superannuation contributions by electing to sacrifice a portion of the gross earnings (pre-tax dollars). This will give the effect of reducing the taxable income by the amount for salary sacrifice. (c) The Employer will not use any amount that is salary sacrificed by an employee to count towards the Employer’s obligation to pay contributions under the SG legislation. (d) Contributions payable by the Employer in relation to the SG legislation shall be calculated by reference to the salary which would have applied to the employee under this Agreement in the absence of any salary sacrifice. (e) Any additional superannuation contributions made in accordance with this clause shall be paid into the same superannuation fund that receives the Employer’s SG contributions.

Salary Sacrifice to Superannuation. (a) An employee can elect to sacrifice a portion of salary to superannuation. Such election must be made prior to the commencement of the period of service to which the earnings relate and be in accordance with relevant legislation. (b) Salary sacrifice to superannuation means the option of making additional superannuation contributions by electing to sacrifice a portion of the gross earnings (pre-pre- tax dollars). This will give the effect of reducing the taxable income by the amount for salary sacrifice. (c) The Employer Employers will not use any amount that is salary sacrificed by an employee to count towards the Employeremployer’s obligation to pay contributions under the SG legislation. (d) Contributions payable by the Employer employer in relation to the SG legislation shall be calculated by reference to the salary which would have applied to the employee under this Agreement in the absence of any salary sacrifice. (e) Any additional superannuation contributions made in accordance with this clause shall be paid into the same superannuation fund that receives the Employeremployer’s SG contributions.

Salary Sacrifice to Superannuation. (a) An employee can elect to sacrifice a portion of salary to superannuation. Such election must be made prior to the commencement of the period of service to which the earnings relate and be in accordance with relevant legislation. (b) Salary sacrifice to superannuation means the option of making additional superannuation contributions by electing to sacrifice a portion of the gross earnings (pre-tax dollars). This will give the effect of reducing the taxable income by the amount for salary sacrifice. (c) The Employer Employers will not use any amount that is salary sacrificed by an employee to count towards the Employeremployer’s obligation to pay contributions under the SG legislation. (d) Contributions payable by the Employer employer in relation to the SG legislation shall be calculated by reference to the salary which would have applied to the employee under this Agreement in the absence of any salary sacrifice. (e) Any additional superannuation contributions made in accordance with this clause shall be paid into the same superannuation fund that receives the Employeremployer’s SG contributions.

Salary Sacrifice to Superannuation. (a) An employee can elect to sacrifice a portion of salary to superannuation. Such election must be made prior to the commencement of the period of service to which the earnings relate and be in accordance with relevant legislation. (b) Salary sacrifice to superannuation means the option of making additional superannuation contributions by electing to sacrifice a portion of the gross earnings (pre-pre- tax dollars). This will give the effect of reducing the taxable income by the amount for salary sacrifice. (c) The Employer Employers will not use any amount that is salary sacrificed by an employee to count towards the Employeremployer’s obligation to pay contributions under the SG legislation. (d) Contributions payable by the Employer employer in relation to the SG legislation shall be calculated by reference to the salary which would have applied to the employee under this Agreement in the absence of any salary sacrifice. (e) Any additional superannuation contributions made in accordance with this clause shall be paid into the same superannuation fund that receives the Employer’s SG contributions.