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25th August 2021, 06:56 PM
#1
What is Superannuation?
I am getting interviewed for a role and recruitment agency has told me the hiring company will pay 7% superannuation on top of base pay.
My questions:
1. What is Superannuation?
2. Will it be paid out along with the pay or I need to wait to get it?
3. Will there be a lock in period?
Thanks
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26th August 2021, 08:47 PM
#2
Here is an old thread on something of the same subject, perhaps. https://www.enz.org/forum/showthread.php?t=45075
However, what the recruitment agency has told you is in such general terms that it's not clear exactly what they mean. For a start, are they referring to Kiwi Saver, or a private pension of some kind? My feeling is that you need to ask the agency, or the potential employer, to explain the terms of the offer.
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