The super guarantee has increased by 0.5% for the past few years and will increase from the current rate of 11.5% to reach 12% on 1 July 2025. This stepped increase has given businesses time to plan for the future, as they only needed to make small increases each year rather than cope...
Below is a table Owen prepared in August 2023 that ranks Australian stocks in terms of their profitability (ROIC – Return on Invested Capital – Column F). He also shows, in the last column, the stock’s historical growth rate for the 5 years 2017-2022. From Rask Media –ASX’s best ...
Deeming rate freeze extension Removal of the $450 threshold for super contributions Increase to contribution caps Superannuation on Paid Parental Leave From 1 July 2025 superannuation will be paid on the Commonwealth’s Parental Leave Pay scheme. This change is expected to benefit approximately 180,00...
Employers are generally required to contribute a percentage of your income to your super fund. At the moment, their contribution rate is set at 11% but it will increase to 12% on July 1, 2025. Knowing how to optimise employer contributions through options such as salary sacrifice or by nego...
low-rate cap amount: $230,000 untaxed plan cap amount: $1,650,000. Division 293 threshold: Unchanged at $250,000 superannuation guarantee percentage: 10.5% maximum superannuation guarantee contribution base: $60,220 government co-contributions: ...
ensured that the taxation system could support retirement pensions without those in the workforce bearing an excessive tax burden. There were adequate investment funds for the ‘lucky country’, and the policy of tariff protection helped ensure a reasonable rate of return on investment in local manuf...
The four investment outputs are cash flow-adjusted net assets, the number of investment options, the proportion of total assets in the default strategy and the 5-year rate of return for investment costs, whereas the four operating outputs are cash flow-adjusted net assets, the number of ...
today approved the Unified Pension Scheme (UPS). The salient features of the UPS are: 1/10th of monthly emoluments (pay + DA) as on the date of superannuation for every completed six months of service this payment will …[Read more...]about Cabinet approves Unified Pension Scheme – Salie...
Employer contributions were AUD 30.2 billion for the quarter and AUD 118.6 billion for the entire year that ended in March 2023, representing increases of 12.6% from the fiscal year which ended in March 2022. This is partly because of the Superannuation Guarantee (SG) rate increase to 10.5% ...