Employer Sponsored Superannuation Education Helps Business Owners Meet Organisational Goals

Written on the 11 February 2014

Most Aussie business owners know the Australian government requires employers to pay what they call the “superannuation guarantee”, which means all employers must set aside a contribution to their employees’ superannuation fund (superfund) that amounts currently to 9% of the employees’ salaries. However, not everyone knows employers are not required by law to pay any contributions to the superfund of employees who earn less than $450 per month, fall under the age of 18 or are more than 70 years old.

Steve Culpitt, Financial  Planner and Administrator of Arrow Focus on Wealth  says, “It is important that companies choose a Superannuation advisor who has the capacity to deliver a broad range of services that are flexible, so as to align with and support the vision Business Owners/Managers have created for their business, which of course includes the needs of the employees.” 

Steve explains, “Workplace arrangements with employees such as existing benefits, incentives, and loyalty are very important, that’s why businesses should educate their employees on the benefits they are receiving by working there. This is where Corporate Superannuation assists.”
“We show employers why superannuation should be highlighted as a benefit in their employees’ salary package to aid in the achievement of organisational goals. This is just the starting point for a workplace salary package; however, an important starting point which most employers and employees overlook.”

Arrow offers Business Project Management services that allow business clients to grow and focus on their core business activities by:

  • Understanding the key drivers of the business;
  • Identifying any issues that may inhibit or prevent the achievement of the business goals;
  • Recommending and implementing solutions to complement the business strategy;
  • Monitoring and advising on these solutions into the future.

Arrow offer employers the chance to provide education from an independent third party to their employees in the areas of super funds and added benefits being provided by the workplace.  Arrow is able to convey these benefits in a way that motivates employees to become more involved in their employer’s business and really understand the support that is on offer within the workplace.

Steve has found that education boosts employees’ morale and productivity, which reduces employer’s costs and paves the way for a more professional approach to employee benefits. Steve adds, “The education and advice that we provide is a genuine benefit provided by the employer to the employee. A good super plan can attract and retain key staff and in turn increase their engagement to the business by being part of their own super and financial life plans.”

Arrow also provides expert advice on Life Insurance, Accident Insurance, Sickness Insurance, Disability Insurance, Trauma Insurance, Permanent & Total Disability Insurance, Superannuation and strategies tailored to individuals for their Wealth Creation goals and lifestyle needs.

This material is not intended to constitute personal advice and must not be relied upon as such. This material is of a general nature only and has been prepared without taking into account your individual objectives, financial situation or needs. You should consider the appropriateness of this material having regard to your objectives, financial situation and needs and consider obtaining independent advice from a licensed financial adviser

The information contained on this website has been provided as general advice only. The contents have been prepared without taking account of your objectives, financial situation or needs. You should, before you make any decision regarding any information, strategies or products mentioned on this website, consult your own financial advisor to consider whether that is appropriate having regard to your own objectives, financial situation and needs.
Whilst Arrow Focus on Wealth Pty Ltd is of the view the contents of this website is based on information which is believed to be reliable, its accuracy and completeness are not guaranteed and no warranty of accuracy or reliability is given or implied and no responsibility for any loss or damage arising in any way for any representation, act or omission is accepted by Arrow Focus on Wealth Pty Ltd or GPS Wealth Ltd or any officer, agent or employee of Arrow Focus on Wealth Pty Ltd or GPS Wealth Ltd.

GPS Wealth Ltd Head Office Level 15,115 Pitt Street ,Sydney. NSW 2000 Info@eastonwealth.com.au Tel: (02)8074 8599

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