Why paying superannuation for employees should always be an employer’s top priority
The ATO is now using Single Touch Payroll (STP) to cross-check if employers are paying Superannuation Guarantee on time.
Super Balance Increase from 1 July 2023
The general transfer balance cap (TBC), money held in tax-free retirement account, will increase by $200,000 on 1 July 2023 to $1.9 million.
New 30% tax rate on $3 million superannuation balances
From 2025‑26, the 15% concessional tax rate applied to future earnings for superannuation balances above $3 million will increase to 30%.
‘Downsizer’ contribution – what are they?
From 1 January 2023, those 55 and over can make a ‘downsizer’ contribution to their superannuation.
Acquiring collectibles inside your SMSF
Clients with self managed superannuation funds (SMSF) often ask what collectibles their SMSF can acquire, but first, we have to ask why.
Superannuation – what is it?
It is often expected that young people know what superannuation is when they enter the workforce.
SMSF 101: What is a Self Managed Super Fund?
A Self Managed Super Fund (SMSF) is a private super fund that you manage yourself to provide retirement benefits to you and your family.
What happens to your super when you pass away?
When you pass away your superannuation does not automatically form part of your estate. Instead it's paid to your eligible beneficiaries.
Did your super fund receive a compensation payment?
Did your super fund receive a compensation payment? Is a financial services compensation payment to your superannuation fund a contribution? Of late, there have been several compensation payments made by…
Superannuation Changes from 1 July 2021
Changes from 1 July 2021 will impact on how much money you can contribute to superannuation and how much you can have in your retirement phase superannuation account.