Salary sacrificed super contributions won’t reduce the ordinary time earnings your employer is required to calculate your super entitlement on or count towards the amount of super guarantee contributions that your employer is required to make to avoid the super guarantee charge. 1 Salary sacrifice ma...
If you run a business that employs staff, then it is likely you will be required to make Super Guarantee contributions. The amount paid is set at a percentage of each eligible employee’s Ordinary Time Earnings (OTE). The Australian Government determines the Super Guarantee rate which, in 202...
Including new employees’ personal email addresses and mobile numbers for their first Superannuation Guarantee (SG) contribution is the best way to ensure your new starters can access their new super fund from the beginning. It also allows members to receive information about their superannuation benef...
The increase to the Super Guarantee could make a big difference to super member balances in the long term due to the magic of compound interest. Concessional tax rate changes for balances over $3 million From 1 July 2025, the concessional tax rate applied to future earnings for balances above...
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...
3. The Super Guarantee system and enterprise agreements Unless a specific enterprise agreement or award states otherwise, employers are required to pay a set rate of superannuation into each eligible employee’s super fund. The rate is 11.5% of the employee’s income and is set to increase grad...
Investment objectives To guarantee a member's capital and to outperform the return of the RBA Cash Rate Index each year. Strategic asset allocation 2016-17 Strategic asset allocation 2016-17 Strategic asset allocation 2016-17 Australian equities 17% (5-35%) International equities 22% (5-35%)...
Need help calculating how much super to pay? Use the Australian Taxation Office's (ATO)Super guarantee contributions calculator What are the super payment due dates? You’re required to pay super for eligible employees from the day they start their employment by quarterly super due dates. ...
If you’re unsure, the ATO hasmore information on super eligibility and paying contractors super. How much super to pay The super guarantee (SG) is the mandatory contribution employers must make on behalf of their eligible employees. The SG rate is a percentage of an employee’s ordinary time...
Superannuation is the fund set aside by employers to provide their employees with a dignified retirement. Studies highlight that issues can arise with retirement funds from employers, such as failure to make required contributions to an employee’s super