Important Information: Salary Sacrifice for 2015/16 Financial Year

RAHC’s parent company, Aspen Medical, pays all superannuation payments a month in arrears as per the Australian Taxation Office (ATO) guidelines.

The last opportunity to salary sacrifice superannuation and have it included in the 2015-16 financial year will be the fortnight ending 28 May 2016. This is because the super funds only count those monies which they have physically received prior to 30 June each year. As super contributions are sent monthly in arrears, this means that May super which is sent in June will count however June super which is sent in July will not.

It is recommended that anyone considering making a salary sacrifice contribution to superannuation to seek independent financial advice before entering into an arrangement as certain penalties can be imposed by the ATO if certain thresholds are exceeded.

Contact your placement consultant if you require a copy of the Salary Sacrifice form.

Tuesday, 17 May 2016