S

Salary Continuance Insurance:  Provides a monthly income of up to 75% of your pre-disability income (subject to a maximum amount) for up to two years, if you become disabled due to injury, sickness or disease.

Selection Date: This is the date each year we use to calculate the amount you need to contribute to Gold State Super, taking into account your chosen contribution rate. (Only applicable to Gold State Super).

Superannuation Guarantee (SG): The compulsory rate (imposed by the Commonwealth Government) of contributions your employer must make to your super. Currently the rate is set at 9%.

Superannuation Surcharge: This is an additional tax that applies where a member's 'adjusted taxable income' (normally the member's taxable income plus surchargeable contributions) is over a specified threshold in a financial year.  The Commonwealth Government abolished the Superannuation Surcharge from 1 July 2005.  It is important to note that the abolition of the superannuation surcharge will not affect any superannuation surcharge tax liabilities owed before 1 July 2005.