A. No. You have no legal obligation to contribute to your super fund. But, you might want
to think about super as part of your financial plan. You may also be able to claim some tax
breaks if you do make super contributions.
A. The rules are tricky and our good friends at the
Australian Tax Office have
all the technicalities.
Generally, if you’re hired under a contract wholly or principally for your labour and you’re
not free to engage other people to perform the work, you may be entitled to employer super
contributions.
You’re never entitled to super from your clients when you run your business as a company, but
you must pay super on behalf of your company’s employee – you (unless you’re self-employed).
More on being
self-employed.
Prepared by Virgin Money Financial Services Pty Ltd (ABN 51 113 285 395; AFSL 286869) for
Trust Company Superannuation Services Limited
(ABN 49 006 421 638, AFSL 235153, RSE Lic. No.L0000635) as Trustee for Virgin Superannuation
(RSE Reg. No. R1001440).
You should consider our Product Disclosure Statement which can be found on our website.
Please note this information does not constitute personal financial product advice, and you
may wish to consult your financial adviser before making a decision
about whether Virgin Superannuation fits your objectives, financial situation and needs.
