We strongly advise you to open justone accountand to ask your employers to always pay your money into the same fund. This will make it easier for you to get your money back and limit account management costs. If
What Do You Mean by Superannuation? Superannuation is an Australian retirement account. There are two types: one that can appreciate over time and has variable payouts depending on market conditions, and one that has a defined benefit payout system that is not susceptible to market fluctuations. ...
An underfunded pension plan is risky for employers because the guarantees to employees are often binding. Learn More Cash Balance Pension Plan In a cash balance pension plan, employees who retire receive a set percentage of their annual compensation plus interest. This type of plan is maintained ...
Fixed pay compensation doesn't change monthly and will include your employee's salary and other regular allowances, insurance premiums or superannuation payments. Variable pay compensation Variable pay compensation is often based on performance and can include bonuses, commissions, profit-sharing, stock...
Pension funds, also known as superannuation funds in some regions, are investment pools that accumulate contributions from employees, employers, or both, with the primary objective of providing retirement benefits to employees. These funds are typically managed by financial institutions, pension funds adm...
"Accountants are often so focused on the balance sheet, on the profit or loss statement, but there are many other so-called non-financial metrics that have a huge impact on finance," he says. Employee turnover, employee satisfaction and pay gaps, for example, "tell you jus...
“He would do something…I mean this guy had the potential to kill, he was that type of person.” Out of fear, Anna then went home to pay the mortgage up to date. She had no money in her account to do this (Work and Income New Zealand had stopped paying her benefit on a tip-...
There is no doubt that negotiating a pay rise with your employer is a sensitive and difficult thing to do. The cynic in me would argue that employers WANT to make it a difficult issue to approach, as it’s not generally the type of discussion they want to have. At the end of the da...
Pension funds, also known as superannuation funds in some regions, are a type of investment fund specifically designed to provide retirement benefits for employees. These funds are established by employers or industry associations to accumulate and invest contributions made by employees and ...
you want to see what the employer is willing to pay before you say what you are willing to accept. The time when you will have the most negotiating power is after you have been offered the job and before you have accepted it but salary often comes up much earlier in the negotiations. ...