Superannuation Guarantee (SG)

Superannuation Guarantee (SG) is the official term for compulsory superannuation contributions made by employers on behalf of their employees.

An employer, regardless of whether they are a small or large business, must contribute the equivalent of 9.5% of an employee’s salary, from July 2014.

Set out below are all SuperGuide articles explaining Superannuation Guarantee (SG).

SMSF trustees: Is your employer and fund ready for SuperStream?

Update:  Employers with 19 or fewer employees had a deadline of 30 June 2016 to be set up for SuperStream , but on 22 June 2016, the ATO extended this deadline to 28 October 2016. Note that employers with 20 or more employees were required to be set up for SuperStream by 30 June 2015, and this … [Read more...]

Tax-deductible super contributions: Claim no more than your income

Q: If I make a personal concessional payment of $30,000 (tax-deductible) into my super fund and my personal taxable income for 2015/2016 is $20,000, are there possible tax penalties because I’m claiming $10,000 more than my taxable income?I suggest you chat to a registered tax agent, typically … [Read more...]

Who can make tax-deductible super contributions?

Note: From 1 July 2017, the Coalition, if it wins the 2016 Federal Election, intends to allow all individuals under the age of 75 to claim tax deductions for personal super contributions, subject to the concessional contributions cap, and taking account of previously-made super contributions for a … [Read more...]

Salary sacrificing and super: 10 facts you should know

Salary sacrificing superannuation, by making before-tax super contributions, is a popular strategy for employees on middle-to-high incomes. The deal is that you increase your superannuation balance (and pay 15% contributions tax, and for those earning an adjusted taxable income of more than … [Read more...]

Tax-deductible super contributions: Meeting the 10% income test

Q: I work for myself but I also have a part-time job. I have been told that even though I receive SG from my part-time employer, I can also make tax-deductible super contributions. Is that true? And if it is true, how does it work?Individuals who are self-employed, or who are not employed, are … [Read more...]

Managing capital gains tax with super contributions

Q: I am about to make a capital gain of about $200,000 on an investment property I have owned for several years. My marginal tax rate is 32.5% and I am an employee, and 43 years old. I want to contribute the equivalent of the capital gain to my super, which is not self-managed, so I can save some … [Read more...]

Concessional contributions caps: 10 facts you should know

We receive many questions about the concessional contributions caps. Throughout 2016 and into 2017, SuperGuide, as always, will regularly update readers on any proposed changes to the contributions caps (and other super changes), and the implications of such changes on super strategies.The list … [Read more...]

Superannuation Guarantee: What is the maximum SG employers must pay?

Q: I am earning a salary of $200,000 plus super. I am aged 42. I understand a maximum contribution level applies based on a 9.5% SG contribution, before the balance up to $30K limit can be made on a salary sacrifice basis. Can you please confirm what the maximum SG contribution is allowed to be for … [Read more...]

Upper limit on SG contributions (for 2016/2017 year, and for previous years)

Note: This article explains the maximum superannuation contribution base for the 2016/2017 year, for the 2015/2016 year, and for previous years.The maximum superannuation contribution base is used to determine the maximum Superannuation Guarantee (SG) contribution that an employer is required to … [Read more...]