J
JRowe
Guest
Hi
Can anyone tell me the difference between superannuation and pension?
I have a pension through the company I work for. They pay 5%. I have to pay 3% as a member and then I pay 1% AVC.
My HR department hasn't a clue about them.
The reason I ask is that I applied for a social welfare payment which is means tested and superannuation is taken from your net pay when calculating the payment.
Work stated that it was a pension rather than superannuation which resulted in a lower payment. When I queried it with social welfare they weren't able to tell me the difference between them either.
Thank you
JRowe
Can anyone tell me the difference between superannuation and pension?
I have a pension through the company I work for. They pay 5%. I have to pay 3% as a member and then I pay 1% AVC.
My HR department hasn't a clue about them.
The reason I ask is that I applied for a social welfare payment which is means tested and superannuation is taken from your net pay when calculating the payment.
Work stated that it was a pension rather than superannuation which resulted in a lower payment. When I queried it with social welfare they weren't able to tell me the difference between them either.
Thank you
JRowe