If you work as an employee, and you satisfy certain minimum requirements, your employer must pay Superannuation Guarantee (SG) contributions on your behalf, to a super fund. Here is a list of 10 of the most important SG facts that you need to know: Your employer must make super contributions, … [Read more...]
For the 2013/2014 year, the concessional contributions caps for over-60s has jumped to $35,000, while the concessional cap for everyone else remains at $25,000. The ATO has also released other updated superannuation rates and thresholds for the 2013/2014 year. Concessional contributions … [Read more...]
Q: I am earning a salary of $270,000 including super. I am aged 42 and I understand a maximum contribution level applies based on a 9.25% SG contribution, before the balance up to a $50K limit must be made on a salary sacrifice basis. Can you please confirm what the maximum SG contribution is … [Read more...]
Note: This article explains the maximum superannuation contribution base for the 2013/2014 year. You can also find the MSCB for the 2012/2013 year, and previous years, at the end of this article. The maximum superannuation contribution base is used to determine the maximum Superannuation … [Read more...]
Q: I am earning a salary of $271,000 including super. I am aged 42 and I understand a maximum contribution level applies based on a 9% SG contribution before the balance up to a $50K limit must be made on a salary sacrifice basis. Can you please confirm what the maximum contribution is allowed to … [Read more...]
