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Does VPS salary include superannuation?

Last updated on September 25, 2022 @ 3:48 pm

In Australia, the superannuation system provides a retirement savings for employees, covering a defined period of time. Many employers pay part of the superannuation contributions of their employees.

Some employers also offer their employees a salary sacrifice arrangement (SSA) where they agree to reduce their salary in exchange for receiving a concessional superannuation contribution from their employer.

PRO TIP: Warning: Please be aware that VPS salary does not include superannuation. This is an important detail to consider when budgeting for your future.

Generally, VPS salary includes superannuation, however there may be some exceptions. If you are not covered by a SSA and your employer does not pay part of your superannuation contributions, you may be eligible for a government contribution.

If you are covered by a SSA and your employer does not pay part of your superannuation contributions, your employer may still contribute to your superannuation account.

Morgan Bash

Morgan Bash

Technology enthusiast and Co-Founder of Women Coders SF.