From 1 July 2014, employers with 20 or more employees will need to start implementing SuperStream compliant payroll systems and commence paying and reporting superannuation contributions electronically on behalf of their employees prior to 30…
If you haven’t reviewed your salary sacrifice arrangement for a while then two recent changes should have spurred you into action. The first is the increase to the super guarantee (SG) rate from 1 July…
The Federal Government's 2013 Federal Budget was released earlier this week. The following summarises the key financial planning measures announced. Superannuation Superannuation Measures announced 5 April 2013 Raising the concessional contributions cap to $35,000 for…
On the 5th April 2013, the Federal Government announced their proposed changes to the superannuation system. Increase in concessional contribution cap From 1 July 2013, proposed higher concessional contributions cap of (unindexed) $35,000 concessional cap for…
The tax office recently clarified what happens when the trustees fail to pay the minimum pension for a member for the financial year. Where this occurs, the pension is considered to cease from the START…
Changes for business From 1 July 2013, the upper age limit for superannuation contributions will be abolished. Employers will be required to contribute to the complying super funds of eligible mature age employees aged 70…
