If I relocate and change my salary currency, can I choose a new amount to contribute? You should check your payslips to ensure contributions continue to be deducted from your pay. If you relocate during the year, payroll will advise the Plan Administrator of your move on your behalf. What action do I need to take to change my contribution details? I have relocated and changed my salary currency or frequency. This provides a simple, consistent and transparent policy for all mobile employees across the globe. Can I choose which payroll to contribute from?Ĭontributions will be deducted from your host country payroll in your host country currency, unless special circumstances exist which prevents this (e.g. I am on secondment/international relocation/assignment and am being paid from multiple payrolls. Remember that you can cease your contributions to Shareplus at any time (subject to compliance with Our Requirements for Securities Dealing standard). Please refer to the Ceasing Contributions Q&A for further information. If you are planning to reduce your working hours during the 2022 contribution period, you will need to take this into consideration when deciding on your annual contribution limit. However, this also means your contribution amount will not be reduced should you reduce your working hours. Your annual contribution limit will be calculated on the same basis as if you work full-time. How are my contributions calculated when I participate in the plan? Participants have no entitlement to any interest or benefit earned on the contributions (if any) while held by the Plan Administrator. The Plan Administrator holds the contributions in each payroll currency before converting to the relevant stock exchange currency prior to the purchase of Acquired Shares. Your payroll will pay your contributions over to the Plan Administrator after the end of each pay period. What does payroll do with my contributions? You cannot change your contributions during a plan year, although you can cease your contributions to Shareplus at any time (subject to compliance with Our Requirements for Securities Dealing standard). Please refer to the Ceasing Contributions Q&A for further information. Can I change my contributions during a plan year? You also have the option of choosing to be on the maximum amount every year. The maximum and minimum amount in each payroll currency can be found on the web at and in this guide under the heading “2022 Minimum and Maximum Annual Contribution Limits”. When enrolling, you will nominate the annual contribution that you wish to make. How do I know the Minimum and Maximum amounts that I can contribute per pay period? The Annual Contribution limits are then fixed in each currency for the rest of the plan year. The exchange rates used to convert the minimum and maximum US dollar amounts into local currency are based on the first business day of February. What exchange rates are used to convert the amounts? Yes, all contributions will be deducted from your salary, unless you are prohibited by law from such payroll deductions. Do I have to make contributions through my pay? Payroll will advise the Plan Administrator of your relevant currency. No, your contributions will be in the same currency as your salary. Can I choose which currency I would like to make my contributions in?
These local currency contribution amounts are online at and can also be found in this guide under the heading “2022 Minimum and Maximum Annual Contribution Limits”. No, your contributions will be made in your salary currency.Īt the beginning of each plan year we convert the USD amounts to each salary currency. If you do wish to be enrolled at the maximum amount each year you can choose this option when you enrol either online or via the telephone in April 2022. The maximum and minimum contribution amounts in each payroll currency can be found online at and also in this guide under the heading “2022 Minimum and Maximum Annual Contribution Limits”. The minimum contribution amount is USD 200 and the maximum amount is USD 5,000. Yes, BHP will set a limit for both minimum and maximum amounts each year and advise employees. Is there a Minimum and Maximum annual limit on the amount I can contribute each year?
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