Under the Australian superannuation guarantee legislation, employers are required to pay a minimum of 10% of your ordinary time earnings into a compliant superannuation fund. This is called an employer superannuation guarantee contribution.
UniSuper is the fund used at Flinders University. There is a significant amount of information on their web site.
Contracted staff will have contributions made to either:
Contracted staff with a term of 2 years or greater, with an employment fraction of 50% or greater, would generally be eligible to join the Defined Benefit Division/Accumulation 2.
All other staff including casual and casual academic employees will have their SGC paid into an Accumulation1 account.
If you are offered full super membership (DBD/Accumulation 2) you will automatically become a DBD member. Flinders University will contribute 14% into DBD and 3% to Accumulation 1. Within the first 24 months of membership you will have the option to transfer to Accumulation 2. Information is available in the fact sheet Choosing a style of super that suits you.
For further information please visit UniSuper's DBD.
If you have opted for Accumulation 2 membership you have the option to choose how your superannuation is invested. If you decide not to make a choice the investment will default to the balanced option.
For further information please visit UniSuper's Accumulation2.
The Super Guarantee Contribution (SGC) paid by your employer will be directed to Accumulation 1. Any voluntary contribution to superannuation and any superannuation rolled over from another fund will also be directed to Accumulation 1. As with Accumulation 2 you have the option to choose how your superannuation is invested.
For further information please visit UniSuper's Accumulation1.
UniSuper offer "Member Online" to keep track of members super and make account changes online. Login and registration can be found on the UniSuper home page.
Accessing superannuation information is now managed by UniSuper, your superannaution Fund.
Casual employees wishing to make a voluntary contribution towards superannuation can only nominate a % of earnings contribution rather than a fixed amount.
Flinders University's Enterprise Agreement applies to all staff. It is a legal enterprise agreement and is registered with Fair Work Australia. Under this agreement, superannuation contributions are to be made to UniSuper Limited.
In accordance with superannuation legislation, choice of fund for employees does not apply where the employer's industrial agreement containes a provision within that agreement nominating a superannuation fund where employer contributions are to be paid. This means Flinders University is required under the provisions within the enterprise agreement to make superannuation contributions to UniSuper and therefore employees do not have choice of fund.
The UniSuper website provides comprehensive information on superannuation.
The UniSuper helpline is 1800 331 685, call this number for routine enquiries.
On campus consultant
The UniSuper consultant Melanie Carvill can provide general advice, including
Get more information, including how to book a time to see Melanie.
On campus adviser
Your on-campus advisor can provide tailored advice to help you with your investment strategy, retirement planning, managing your debt and more. This on a fee for service basis.
Get more information, including how to book a time.
Consultative Committee
The Consultative Committee is the voice of the member.
Seminars and webinars
UniSuper holds regular seminars at Flinders University on superannuation topics.
Staff will be advised by email or times can be found on the UniSuper Flinders page.
Payroll
Once you have discussed your superannuation with one of the options above and wish to make changes to your Superannuation payments, please email benefits@flinders.edu.au
Salary sacrifice is where you choose to make superannuation contributions from your pre-tax income. This benefit is available to all eligible employees, casual professional and casual academic employees.
As a Flinders University employee, you can choose to
Before choosing to make salary sacrifice superannuation contributions, you should refer to the Flinders University Enterprise Agreement 2014 to 2017, section A14.5 Salary Sacrifice and the salary sacrifice terms and conditions and disclaimer.
UniSuper members with Defined Benefit Division (DBD) or Accumulation 2 accounts may elect to salary sacrifice their 7% standard contributions. If an agreement is entered into, the University will make the contributions to UniSuper on their behalf.
Salary sacrificing changes the contribution from a 7% employee contribution to an 8.25% employer contribution. All employer contributions are taxed at 15% on entry to the fund and in order to retain 7% net contribution, UniSuper requires all salary sacrificed contributions be at the rate 8.25% of superannuable income. UniSuper will forward the 15% contribution tax to the ATO.
Employees wishing to salary sacrifice and change their standard contributions to pre-tax must complete a UniSuper contribution form, the form must then be sent to benefits@flinders.edu.au for processing.
Employees can elect to make additional voluntary contributions to UniSuper from pre-tax salary.
These contributions are also treated as employer contributions and the employee's taxable income will be reduced by the amount of the contribution. A 15% contributions tax will be deducted by the superannuation fund and no personal income tax will be payable on contributions made in this way.
Employees wishing to commence or make changes to their existing voluntary pre-tax super contributions must complete a UniSuper contribution form, the form must be sent to benefits@flinders.edu.au for processing.
Private Super Fund
Salary sacrifice contributions can be made to a self-managed superannuation fund that an employee is a member of, the fund must be a resident regulated superannuation fund within the meaning of the Superannuation Industry (Supervision) Act 1993 (SIS Act) and is not subject to direction under section 63 of the SIS Act. The fund must also satisfy subsection 25(1) of the Superannuation Guarantee (Administration) Act 1992. Applications should be made by completing the External/private superannuation contribution form
External Super Fund
External super funds are all other funds outside of UniSuper, Super SA, Flinders University Super Scheme and private superannuation funds. Applications should be made by completing the External/private superannuation contribution form
The below table details the process to follow when requesting superannuation salary sacrifice. Before applying, the superannuation information on this page must be read in conjunction with the Salary Sacrifice Terms and Conditions and Enterprise Agreement 2014–2017, Clause C14.5 Salary Sacrifice.
Contribution type | Details | How to action | Fees |
UniSuper standard employer contribution | Salary sacrifice standard member contribution | Complete UniSuper contribution form and return to benefits@flinders.edu.au | No fees payable |
UniSuper voluntary contribution | Salary sacrifice voluntary contributions | Complete UniSuper contribution form and return to benefits@flinders.edu.au | No fees payable |
Private Super Fund | Salary sacrifice contributions to a self-managed super fund | Complete external/private superannuation contribution form and return to benefits@flinders.edu.au | $100 intial fee $50 each change |
External Super Fund | Salary sacrifice contributions to external funds | Complete external/private superannuation contribution form and return to benefits@flinders.edu.au | $100 initial fee $50 each change |
The University strongly recommends that you seek independent financial and/or superannuation advice before entering into a salary sacrifice arrangement as there may be tax and/or financial implications.
Refer to the contacts and sources of assistance available. Once you have discussed your superannuation with UniSuper and wish to make changes to your Superannuation payments, please email People & Culture.
Sturt Rd, Bedford Park
South Australia 5042
CRICOS Provider: 00114A
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