We know you have a business to run, so we make it quick and easy for you to manage super for your staff and meet your obligations.
All employers are required to contribute at least 11% of an employee’s salary to their super fund (this is known as the superannuation guarantee or SG). Contributions must be paid electronically and meet SuperStream standards.
Transact is our secure and easy to use online super contribution and administration system with clearing house facility that can save you time and simplify your administration.
Find out why businesses are paying attention to workplace super.
As an employer, people are your most important resource. When they experience stress or health problems, everyone loses out; their family, their team and your business.
Research shows that those who lack financial wellness in the workplace can have a negative effect on financial outcomes of their employers. In fact the total cost of poor workplace wellness is estimated at around $33 billion dollars to Australian businesses 1.
The good news is you can have a positive impact on their wellbeing by offering tools and support to guide them towards a more secure financial future. We offer a financial wellness program tailored to the needs of your business whether it's seminars, one on one meetings with an IOOF Workplace Solutions Manager or implementing a campaign for your staff. We can work with you and your financial adviser, if you have one, on developing an education program.
[1] Source: WSSA Workplace Financial Wellness Survey August 2016
Prior to the end of each financial year, we’ll ask you for the latest information on your employees to ensure our member records are correct. This may include:
IOOF provides an annual statement to members as at 30 June each year, which provides a snapshot of the members’ account and benefit entitlements. The insured benefits are also adjusted each 1 July due to changes in age and any salary (if applicable).
It's sad to say goodbye but you can ensure your employee's financial future is taken care of. Please advise us of their leaving date as soon as possible via your clearing house so we can transition them into our personal division. We also offer a flyer that can be passed on to any resigning employees to help them with their super.