Super made simple by SGIO

OWNERS of small to medium-sized businesses have the option of a super fund that meets employees choice of funds requirements while reducing employers’ costs.

Small businesses often contribute to more than one fund due to differing award requirements or when they offer their staff a choice of superannuation fund.

SGIO has introduced two new superannuation products, Working Super and Business Choice.

Business Choice works by the SGIO’s new owner NRMA looking after the superannuation contributions employers make for their staff.

It allows employers to make one payment for all of their staff’s superannuation, regardless of the number of funds involved.

Business Choice then pays the contributions to the employee’s chosen fund and provides the employer with a reconciliation of these payments.

As a result, small businesses lower the time and effort they spend on administering superannuation contributions.

Working Super provides an investment choice for employees with access to many options.

Its insurance cover includes death, total and permanent disablement and income protection.

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