What Super does NSW health use?
The NSW Health Service provides you with choice of superannuation fund provided your nominated fund is registered as a complying fund with the Australian Taxation Office. If a choice is not made, then you will be placed with First State Super.
What is the NSW Government superannuation rate?
“The rise in superannuation means the cap has now effectively been reduced to around 2.25% and will reduce further as the compulsory superannuation rate increases. “This is supposed to be an employer contribution to superannuation but the NSW Government is shifting the cost of this increase on to their employees.
What is State Authorities superannuation Scheme?
The State Authorities Superannuation Scheme (SASS) was established by the NSW Government on 1 April 1988. New employees in the NSW public sector were eligible to join the scheme and members of the Public Authorities Superannuation Scheme (PASS) were transferred to SASS from 1 April 1988.
What is health super now called?
Health Super is now trading as First State Super. The listing for First State Super is available via this link.
What day do NSW Health employees get paid?
You are paid fortnightly directly into your bank account. The fortnight runs from Monday to Sunday and you’ll receive your wage by the following Thursday. At present, your pay is completely determined by what is entered by RSU into the statewide rostering system, known as “Health Roster”.
Is First State Super now aware super?
‘ First State Super and StatePlus will be renamed Aware Super in September 2020. The VicSuper brand name will be retained and we will undertake a careful review of this in the future.
Is superannuation increasing in 2021?
The super guarantee rate will increase from 9.5% to 10% on 1 July 2021.
Can anyone join state super?
Become a member With super often being the biggest investment besides your home, it’s a key factor in whether you’ll be able to live the life you want in retirement. We take care of the super for over 765,000 members (as at July 2018) and anyone can be a member.
Is State Super an industry fund?
While First State Super is an industry fund, it does not carry the symbol. There are only 13 Industry SuperFunds that carry the symbol. The funds that carry this symbol are run only to benefit members, have low fees and have never paid commissions to financial advisors.
Which super fund is best for nurses?
The nursing industry recommends superfunds such as Hesta or First State but consider what these funds can provide you with, as well as voluntary contributions into super and the benefits of doing so.
Is State Super the same as First State Super?
Over the last few years, we’ve been managing two brands under the First State Super banner – First State Super (our super fund) and StatePlus (our advice business). We also merged with VicSuper in July this year and will merge with WA Super later in the year, meaning we will have had four brands to support.