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...
Super Guarantee increase 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 ben...
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...
The ultimate aim for Slack Investor is to fund your own retirement, but in reality, according to the Association of Superannuation Funds of Australia (ASFA) estimates,a minority (43% ) of Australians of retirement age would be self-funded by 2023– this percentage should increase as the compu...
it may be the intention that the asset-based fee should be inserted last in that Example’s row with the words “regardless of your balance” requiring some additional drafting to refer to the fact that the percentage rate that asset-based fees are calculated do not change. However, if that...
But while superannuation funds maintain a bullish outlook on the asset class, like real estate, views have also become increasingly cautious as historical returns were largely based on a low interest rate environment and easy access to cheap borrowing. Some industry funds are seeing their infrastructu...