Superannuation Salary Sacrifice


Ruling needs to be made to instruct employers to forward pre tax salary sacrifice to Suoer funds in a timely manner.

Employers do not have any right to hold on to thousands of dollars of my money for months when it should be in my Super fund adding to my retirement benefits.

SG money can be sent each quarter. Pre tax Salary Sacrifice should be sent at the very least each month if not it should be sent to Super fund with every pay run.

Not held onto for months by your employer and i assume they have it in there bank accounts or on the short term money market making money when it should be in MY Super Fund...

Board response

Peter, thank you for your comments. The Board has referred your suggestion to the area within the Australian Taxation Office that deals with employer obligations.