As an employer, it is your responsibility to ensure super contributions are paid to eligible employees and obligations are met. Here are the rules and due dates to know.
2. Employer superannuation contributions Almost all employees in Australia are entitled to a superannuation contribution, paid by their employer into a super fund. It doesn’t matter if the employee is full time, part time or casual (depending on income and hours). Even some contractors may be...
Yes there is, but it only applies to if you earn more than $260,280 per year. For the 2024 – 2025 financial year, the maximum super guarantee contribution that an employer must pay is increased to 11.5% of $260,280 per year, or $29,932.20. ...
401k Contribution47% Childcare12% Other than healthcare, which of the following benefits is most important to you? Yes20% No80% Does your boss expect you to work when you're on vacation? $2500+/mo17% $1500 - $2500/mo12% $1000 -$1500/mo8% ...
If an employer offers a matching contribution to a retirement account, individuals should strive to contribute at least enough to receive the maximum match. “This essentially provides free money towards retirement savings,” says Derek DiManno, a founder and financial advisor at Flagship Asset Servic...
Super is an important part of the onboarding process for new starters with your employee’s right to choose a super fund a key focus. As an employer and valued business partner, we’re here to help make onboarding easier. Always provide your new starter with a Standard Choice form ...
A director can apply to the Commissioner for a SG employer shortfall exemption certificate (Certificate) using the form 'Super guarantee opt out for high income earners with multiple employers' if: multiple organisations pay superannuation for them; the director expects that their SG contributions for...
"because he's the one who knows the building better than anyone. He's to be listened to and respected for his knowledge and the contribution he makes to the building. Take him seriously and take good care of him. He's a very valuable resource, and good superintendents are not easy to...
For starters, aim to save every raise you receive. If you never get used to spending the extra money in your paychecks, you shouldn't struggle to save it. It's an easy way to increase your 401(k) or IRA contribution rate over time. ...
A 401(k) is an employer-sponsored plan, whereas anyone with earned income can open an individual retirement account (IRA). The contribution limit for 401(k)s is higher than for IRAs. However, with an IRA, there are more investments to choose from. ...