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No, "base pay" is the starting point. There may be additions (shift differential, hazardous duty pay, cost-of-living adjustments, etc) and will certainly be deductions (taxes, insurance, etc).
Wiki User
∙ 16y ago
Wiki User
∙ 9y agoSuperannuation refers to a company pension plan and is paid to a retiree. Base pay, when working, does not include any money from the retirement plan.
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What is the government policy on superannuation?
Commonwealth law says that the employer must pay employees a value equal to 9% of their yearly wage into a employees individual superannuation account. Superannuation accounts can only drawn down by the person after a certain age.
Where can information on rest superannuation be found?
REST, the retail Employees Superannuation Trust is an Australian superannuation fund, established in 1988. Information on REST can be found on their official website. Sites that carry reviews include: Product Review and Whirlpool Forums.
Ok what do SUP mean on a pay check?
Probably a superannuation deduction. Call or email the pay department and enquire, as initials and abbreviations can mean anything.
What salary do you seek including superannuation?
What salary do you seek including superannuation?
Where can MLC Superannuation products be obtained from?
MLC Superannuation products can be obtained and purchased from the offical MLC website. The offer many superannuation products such as the MLC master key.
Does basic pay includes special pay and stagnation increment?
Basic pay does not include special pay and stagnation increment. These are additions to the basic pay which is the base salary that one should get.
What is money taken from pay and put into a pension fund called?
superannuation - Regular payment made into a fund by an employee toward a future pension.
What is superannuation in Australia?
Superannuation in Australia -Superannuation in Australia is aimed to give a decent savings to all working people at the tim of their retirement. all employers in Australia are legally bound to give superannuation contribution to full time employees. in ceratin cases, superfunds also offer life insurance as well as investment cover. you can also invest your fund money to gain good benefit from investments. that australian taxation office also offers verious rebates on income deposited into superfund.BBW Accounting Services Pvt. Ltd.http://www.bbw-services.comhttp://www.bbwgroup.com.au
What is the purpose of superannuation funds?
Superannuation is a pension that is paid to someone who is retired. Companies provide the benefits in order to retain their employees. Superannuation is also a way for employers to increase their employees' morale and lessen employees' complaints about financial matters.
Does base salary include taxes?
No. Salary is a gross (without deductions) number. If they wanted to help you with the tax burden, they would simply raise your base pay.
What is a superannuation product identification number?
The Superannuation Product Identification Number(SPIN) is the standard method of identification for superannuation products within the financial services.superannuation is An organizational pension program created by a company for the benefit of its employees. Also referred to as a "company pension plan"(Superannuation = over aged i.e. those so old they are no longer employed)
What is superannuation calculation in India?
There is no specific superannuation calculation for India. The same formulas and calculations used in other countries, also works for this area.
