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Los@beehaw.org

Workers paid on ‘including super’ basis may get a shock on July 1 (www.afr.com)

submitted 1 year ago by Los@beehaw.org to c/ausfinance@aussie.zone

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Got an email from payroll on Friday. Legislated super increase will be decreasing my take home pay come July. PSA to all the rest of you on TFR contracts.

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[–] GroteStreet@aussie.zone 1 points 1 year ago* (last edited 1 year ago) (1 children)

"Including super" is such a rort. For anyone taking on a new contract between now and 2025 (when the super guarantee increments stop), PLEASE negotiate for a "before super" contract.

E.g. If you've been offered $80k including super, negotiate for (80,000 / 111 * 100) == $72,072 excluding super.
This means that if in the next 2 years your pay is stagnant, you would end up with (72,072 * 112/100) == $80,720 -- a whopping $720 more towards your super, come July 2025

[–] Los@beehaw.org 1 points 1 year ago

The government should really just close the loophole.