<blockquote rel="manofsteel"><blockquote rel="TasBurrfoot">...contrary to what was mentioned by @Milkan, you can actually open a superannuation account even before wala ka pa job...
You can actually dictate which super company to use and likewise you can do a voluntary contribution even before wala ka pa sweldo.
Hope this helps!</blockquote>
Bro, will you be given criteria how to choose which super company to use?
Also, I read before about any excess in super will be taxed. Kung may limit ang super, how will individual end up exceeding the super contri? Sa SG kse you will never exceed the limit kse even if malaki sahod, employers' max contri will be up to the ceiling only.
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your company will usually have a default fund - if you don't open one for a specific super in mind, they will open for you and place your superannuation there.
yes there is a ceiling as to the amount which can be given concessionary tax rate of 15% - think the ceiling is $25K or $35K per year. Anything on top of this will be taxed on a significantly higher rate. Not a problem at this point as di naman aabot sa ceiling ang annual super contribution ko. 🙂