Set out below are all SuperGuide articles that relate to How super works.
Retirement Income Review finds 9.5% super is enough
The wisdom of increasing compulsory super next July is not the only reason the Retirement Incomes Review was eagerly anticipated, but it certainly added fuel to the fire.
What matters is the home: Review finds most retirees well off, some very badly off
Most retired Australians are at least as well off in retirement as they were while working, but not all. The huge exception is retirees who do not own their own homes.
Retirement Income Review finds problems more super won’t solve
It would be a waste if the Friday’s mammoth Retirement Income Review was remembered only for its finding that increases in employers compulsory superannuation contributions come at the expense of wages.
Workers bear 71% to 100% of the cost of increases in compulsory super
The government’s much-anticipated Retirement Incomes Review has found that increases in employer’s compulsory superannuation contributions are financed by reductions in workers’ wage growth.
Super news for November 2020
Interest rate cuts will hurt retirees, Ground-breaking research on future advice, Missed or unpaid super, More workers support ESG factors, 2020 Shonky Awards results.
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How redundancy and retirement impact your employees’ super
Determining termination and super payments when employee’s leave can be confusing, learn how you can successfully navigate this process.
Employee or contractor for super purposes? How to tell the difference
Employers generally don’t pay super for contractors, but it’s tricky to work out how they differ from employees. Here’s some rules to help you understand the difference.
How to create an effective salary sacrifice arrangement with your employees
Salary sacrifice arrangements need to meet the rules if you want them to be deemed effective, which is essential if to avoid problems with the ATO.
Employee super contributions for the self-employed and micro businesses
Many self-employed people forget about super but making contributions can have lots of benefits. It’s also important to ensure you make contributions if you employ any staff during the year.
Checklist for employers: 7 tips to help you master your super responsibilities
Forgetting about regularly paying your employees’ super is easy, so here’s a checklist to help ensure you master your super responsibilities.
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Are you paying your super contributions on time? Deadlines for employee contributions
When making super contributions for your employees, ensure you pay and report your contributions by the deadline – or risk paying penalties to the ATO.
Employer’s guide to Superannuation Guarantee (SG) contributions: Which employees are eligible?
Working out which of your employees are eligible for SG contributions can be tricky. So, it’s important to learn the SG eligibility rules to ensure you’re always compliant.
Claiming a tax deduction for your employees’ super: What are the rules?
Tax deductions are a valuable sweetener when you make super contributions for your employees, but which payments can you claim on your annual tax bill?
How to keep good records for your employees’ super contributions
Keeping good records is essential for meeting your employees SG obligations. Check our tips that outline what you need to know, and which records to keep in case of an audit.
Are you meeting your employer super obligations: What are the penalties?
You can earn hefty penalties if you fail to report and pay your SG obligations for your employees. Discover your responsibilities and avoid costly problems with the ATO.