Originally Posted by
say again
I agree, but wasn't the profit sharing % until last year pretty low? What's to stop them from giving a low percentage again? The 8% is solid, until it rises with a CBA.
Still some debate about how it all actually works. Here's how im currently seeing it.
Last year was profit sharing worth 20.87% of your eligible income, -5% JB cliff = 15.87% which was paid to us.
Under the new formula, we lose one third of the profit sharing pool, so would have been 13.91% minus the 5% JB cliff, so they would have paid us 8.91% vs 15.87%.
A LOSS of 7%. That's using last year's profit. 2017 and beyond could be more or less.