Pauline plans to work after reaching 65 but has heard that she may no longer be entitled to superannuation contributions from her employer. Is this the case?
I have been told that a company is not obliged to pay super to staff aged 65 and over. As I will be 65 next April, does that mean that even if I continue to work after that time that I will no longer receive any super from my employer? I would very much appreciate you being able to clarify this situation as it will probably impact my decision on whether to continue working or not.
A. An employer is obliged to pay guaranteed superannuation contributions for employees up until they turn 70 years of age.
However, you may wish to check if you are covered by Work Cover, as this often ceases to apply to those who are injured at work after reaching retirement age.