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Salarylink

As a permanent or contract employee of the South Australian Local Government sector you have an important decision to make regarding your Local Super membership. If you choose to contribute, you must decide how your contributions will be allocated.

Local Super offers two types of super:

• Salarylink 
• Marketlink

You have the option to contribute to Salarylink, Marketlink or a combination of both. If you choose to contribute some of your money to Salarylink, you will be classified as a Salarylink member. As a Salarylink member you will also automatically have a Marketlink account.

Salarylink is defined benefit super. This means your super benefit is based on a formula.  The formula used to calculate the benefit is based on:

• Your contribution rate (between 1% and 10%).
• The number of years you have been contributing to Salarylink.
• Your final average salary.

When deciding which benefit type to choose for your contributions, you need to examine your own personal circumstances and expectations of performance of your investment and the potential associated benefits for your membership, including insurance.

As a Salarylink member you also receive insurance for Death, Total and permanent disablement and Income protection.  Go to insurance for more information.

When it comes to making the decision, Local Super’s financial planning services can help you make the right choice. Call us to organise an appointment.