What is Salary Sacrifice to Super?
At Oncore, as a service to our contractors, we offer the option to make additional pre-tax contributions to your superannuation funds, through a salary sacrifice arrangement.
A salary sacrifice arrangement is an agreement with your employer, whereby you nominate to forgo a portion of your pre-tax salary and have it instead contributed into your super fund.
For more information on salary sacrificing to super, please see this link to the ATO website.
To determine if salary sacrificing is a good fit for you, we recommend that prior to entering a salary sacrifice arrangement, you consult your financial advisor.
How Can I Salary Sacrifice to Super?
To commence your salary sacrifice arrangement, please see the Salary Sacrifice to Super Form attached to this article.
If you could please complete and return this form, nominating the $ amount you would like to sacrifice per period in addition to the standard 10% SGC, we can organise this. We request that a dollar amount please be specified as your salary sacrifice amount to avoid any ambiguity at the time of processing.
While a contractor is salary sacrificing to super, we also offer to transition them onto our monthly superannuation contributions cycle. If you would like your super processed monthly while salary sacrificing, rather than quarterly, please let us know at the time of returning your form and we will be able to arrange this.
Please return your completed form to our team at firstname.lastname@example.org. Please also note that we have a 48-hour turnaround time in processing your request, from the time that your form is received.
What if I Want to Vary or Cancel my Salary Sacrifice Arrangement?
You can vary the amount you are salary sacrificing, or even cancel your arrangement at any time by completing and returning another copy of our salary sacrifice to super form.
For instance, if you wish to cancel your salary sacrifice arrangement, simply complete your details on the form and state that you wish to salary sacrifice "$0". If you are looking to vary your request, state the new $ amount you would like to sacrifice per period in addition to the standard 10% SGC, and we will organise this.
Return your updated form to our team at email@example.com and we will process your request.