Super Changes from 1 July 2022

Super Changes from 1 July 2022 March 18, 2022 | Superannuation From 1 July 2022, employers will be required to make super guarantee contributions to their eligible employee’s super fund regardless of how much the employee is paid. This replaces the old $450 threshold. This change expands super guarantee eligibility so that employees can receive super…

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5 crucial superannuation updates you may have missed

5 crucial superannuation updates you may have missed August 12, 2021 | Superannuation ATO alerts Since February 2021, the Australian Taxation Office (ATO) has issued alerts to Self-Managed Superannuation Fund (SMSF) trustees via email and SMS when changes are made to the SMSF’s records held with the ATO, including: Financial institution account details Electronic service…

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What you need to know about the increase in mandatory Superannuation Guarantee Contributions

What you need to know about the increase in mandatory Superannuation Guarantee Contributions June 24, 2021 | Superannuation Back in 1992, compulsory superannuation contributions introduced. It was a policy implemented to ensure that Australians were looked after in retirement and to reduce the amount of government assistance required for seniors. When introduced, the plan was…

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Changes to super out of the 2021 federal budget

Changes to super out of the 2021 federal budget May 12, 2021 | Superannuation While the budget seems a little light on this time around, there were a couple of hidden gems for individuals, specifically around superannuation.   1. Removal of work test for super contributions for people aged 67-74 Last year saw a change…

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4 Questions We Hear about Late Superannuation Payments

4 Questions We Hear about Late Superannuation Payments April 22, 2021 | Superannuation You should always pay your superannuation on time as the consequences can be dire if it isn’t. This article reveals 4 common questions we hear about paying superannuation late and the consequences of doing so.   How will the ATO know if…

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Changes to Super after 1 July 2021 and what you need to do.

Changes to Super after 1 July 2021 and what you need to do. April 16, 2021 | Superannuation Superannuation Guarantee up to 10% The Superannuation Guarantee rate is increasing to 10%, effective 1 July 2021 and will then continue to increase in 0.5% increments until it reaches 12% on 1 July 2025. The Superannuation Guarantee…

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The Superannuation Guarantee amnesty is now law

The Superannuation Guarantee amnesty is now law July 29, 2020 | Business, Superannuation On 6 March 2020 the Superannuation Guarantee amnesty amendment officially passed into law. This means the superannuation guarantee amnesty for employers has now been officially introduced, allowing employers to begin taking advantage of it. Businesses now have until 11:59pm on 7 September…

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