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1 general conditions of employment - Department of Education and ...

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9 SUPERANNUATION9.5.12 COSTS TO STAFF MEMBERS9.5.12.1 The <strong>Department</strong> will not be charging an administration fee for the salary sacrifice tosuperannuation scheme.9.5.12.2 The superannuation funds charge administration <strong>and</strong> management fees <strong>and</strong>pr<strong>of</strong>essional advisers may charge a fee for providing financial advice. You will needto contact funds or advisers to determine their individual fee levels.9.5.13 COMMENCING SALARY PACKAGING TO SUPERANNUATION9.5.13.1 Staff members are strongly advised to seek independent financial advice beforecommitting to starting salary sacrifice to superannuation. For legal reasons,<strong>Department</strong>al staff are not able to provide advice regarding personal financialdecisions.9.5.13.2 Staff members will also need to review, <strong>and</strong> cease where necessary, current posttaxdeductions prior to commencing salary sacrifice to superannuation contributions,to ensure that all post-tax financial commitments can continue to be met when pretaxcontributions to superannuation commence.9.5.13.3 Applications <strong>and</strong> authority forms to commence salary sacrifice to superannuationcontributions are available from:Salary Packaging UnitLocked Bag 3005BLACKTOWN NSW 2148Fax: (02) 9836 99029.5.14 CEASING OR TRANSFERRING SALARY SACRIFICE ARRANGEMENTSSalary sacrifice under this scheme may be ceased at any time by giving one month’s notice inwriting. Staff transferring to another NSW public sector organisation should be able to continueto salary sacrifice to superannuation, subject to the provision <strong>of</strong> an appropriate scheme by thenew organisation, <strong>and</strong> any administration cost that organisation may impose.H<strong>and</strong>book for non teaching staff in schools Page 9 − 16

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