Managing Super

Whether you need to meet employer obligations or you’re seeking a strategy for your self managed super funds, you have a range of solutions to choose from.

Employer obligations
As an employer you have superannuation obligations to your employees. The Superannuation Guarantee (SG) Legislation currently requires employers to contribute nine per cent of an employee’s earnings base to a complying superannuation fund.

Effective from 1 July 2003 SG contributions must be made on at least a quarterly basis but it may be a good idea to make payments more regularly to avoid having to find a large lump sum all at once. Employers are also required to report details of contributions in writing to employees at least once a quarter. You can contact the Australian Taxation Office for further information.

What to look for
Finding the best super solution for you and your employees means keeping your administration tasks to a minimum and delivering real benefits to your employees. Employer sponsored superannuation plans should provide maximum benefits for employees with minimum fuss for you.

Self managed super funds
As a member of a self managed fund you’re also required to act as a trustee, which means striking a balance between your personal investment requirements and your obligations to meet the needs of other members. A purpose built investment facility for trustees can be tailored to meet the needs of all fund members.

The Colonial First State Pooled Superannuation Trust (PST) is a unit linked investment that enables the funds of many investors to be pooled in a wide range of assets to achieve a competitive return, while accommodating the needs of different members.

Important information about advice
This is general information only provided by Colonial First State Investments Limited ABN 98 002 348 352 AFS Licence 232468 and does not take into account your individual objectives, financial situation or needs. You should assess whether this information is appropriate for you and consider talking to a financial adviser before making an investment decision. View the Financial Services Guide (PDF 67kb). This taxation information is current as at 1 December 2003. The levels and basis of tax may change in the future.

The Colonial First State Pooled Superannuation Trust is issued by Colonial First State Investments Limited ABN 98 002 348 352 AFS Licence 232468. A Product Disclosure Statement (PDS) describing the product is available at www.colonialfirststate.com.au or by contacting our Investor Service Centre on 13 13 36. You should consider the PDS before making a decision about the product.

Investing in this product is subject to some government regulations and may have certain tax implications. Please consult a professional financial adviser if you are unsure of any aspect of investing in this product.

Commonwealth Bank of Australia and its subsidiaries do not guarantee the performance the Colonial First State Pooled Superannuation Trust or the repayment of capital or earnings by the Trust. Investments in the Trust are not deposits or liabilities of Commonwealth Bank of Australia or its subsidiaries and investment-type products are subject to investment risk including loss of income and principal invested.