Toll Today March 2011 - TOLL Group

Toll Welcomes 750th Kenworth Truck to the Fleet
On Friday 28 January, MD Paul
Little ao was invited to attend
the handover celebrations of
the 750th Kenworth truck to be made
for Toll.
Joined by Chairman Ray Horsburgh,
Group GM Equipment Steve Granland
and David wright, National Linehaul
Manager, Mr Little was presented
with a commemorative model truck
to mark the significant milestone in
two of Australia’s leading transport
organisations.
Paul went on to give a speech to mark
the occasion and give the guests
a deeper understanding of the Toll
Kenworth relationship. He explained
that when he bought Toll in 1986 there
were only 230 employees in Australia,
and the company used almost 100
Drip Feeding your Super!
It’s about making a small decision
now that will affect the quality of
your life after you stop working.
Super is a great way to invest because
of the tax benefits it offers. And if you’re
not a great saver, but know you should
be putting something away, super is
your best bet because you can’t touch
your money until you’re eligible to retire.
Will you have enough for a decent nest
egg when you stop working? Do you
need to add a bit more? And it’s
surprising how a small extra amount
can make a big impact on your final
super balance.
One of the best ways to drip feed your
super is by making regular contributions
via salary sacrifice, arranged through
your employer. This is a simple way
to top up your employer contributions
because it’s deducted before your
net pay is deposited into your account.
For people with a marginal tax rate
greater than 15 percent there are also
tax savings.
Salary sacrificing is a voluntary
arrangement so you can cancel it
or change the amount at any time
to suit you.
percent contractors for long distance.
It wasn’t until 1989 that Toll bought its
first Kenworth truck.
It wasn’t long before the company
struck a strong partnership with
Kenworth and the strength of the
relationship even helped Toll win
business. Paul said, “In the early 90s,
we won a very significant BHP tender,
based on a specification of Kenworth
prime movers and B-double trailer
sets. CUB was another major customer
that had a clear preference for the
reliability and security of company fleet”.
“As the business has grown, so has
our relationship with Kenworth. Over
the years we have developed an
excellent customer-supplier relationship
with an Australian brand that we can
completely trust. In business, having
Things to consider with salary sacrifice
strategies:
n There is an annual A$25,000 on
the amount of concessional
contributions you can make to
super for individuals under the
age of 50. This includes all employer
SG contributions, salary sacrifice
and deductible self employed
contributions. Contributions made
in excess of this cap will be taxed
at a penalty rate of 46.5 percent.
n A transitional concessional
contribution cap of A$50,000
is a transitional cap available to
individuals over the age of 50 at any
time during the transitional period
(2009/10 to 2011/12 financial years).
Contributions made in excess of this
cap will be taxed at a penalty rate of
46.5 percent.
n For individuals already over or
close to age 55, you can consider
increasing your total contributions
to superannuation by utilising a
transition to retirement income
strategy. This strategy could also
allow you to reduce your overall
income tax paid each year.
reliable, high quality suppliers like
Kenworth is very important.
“Today Kenworth trucks make up the
majority of our Australian fleet, and
we look forward to seeing our 1,000th
truck roll off the line in the not too
distant future”. n
The best thing you can do about your
super savings is to seek professional
advice about your individual situation.
A financial adviser can discuss ways to
help you feel more comfortable about
the lifestyle you hope to have when
you stop working. They can also help
you avoid some of the pitfalls around
making extra, last-minute contributions
to bump up your balance. To find out
which contribution strategy is right for
you; speak to a financial adviser. After
all, Sir Edmund Hilary was a great
mountaineer, but even he needed a
guide to get to the top of Mount Everest.
If you require further information
regarding Toll’s Superannuation plans,
contact Cheryl Barbary, your Group
Superannuation Manager:
cheryl.barbary@tollgoup.com n
Disclaimer: This publication has been
prepared for general information and has
not considered any particular person’s
investment objectives, financial situation
or needs.
Accordingly, no recommendation (express
or implied) or other information should be
acted on without obtaining specific advice
from an Authorised Representative Outlook
Financial Solutions Pty Ltd.
(ABN 40 083 233 925, AFSL 240959).
Toll Group
Toll Today March – May 2011 29