There’s something odd about those television and internet advertisements telling us we are getting more super.
The wisdom of increasing compulsory super next July is not the only reason the Retirement Income Review was eagerly anticipated, but it certainly added fuel to the fire.
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.
Calculating the SG contributions, you need to pay on your employees’ salary and wages can be tricky. Here’s a simple guide to help you get it right.
Employers are required to make SG contributions into your super account on a regular basis. But what can you do if they don’t pay?
The Superannuation Guarantee (SG) contributions made by your employer into your super account are the foundation of a successful retirement. So it’s worth understanding the SG rules and how they work.
While your employer is required to make regular Super Guarantee contributions on your behalf, higher income earners can miss out if they earn above the quarterly maximum super contribution base (MSCB) limit.
Among the topics being investigated by the government’s retirement incomes review is whether compulsory super contributions should be lifted from 9.5% to 12%.
Soon after the election Treasurer Frydenberg flagged there would be an inquiry into retirement incomes. Since then, no details have emerged.
For many years SuperGuide has regularly received angry emails from readers about their employers not paying their super entitlements and the ATO being unable to help recover the money.
Stagnant wages are a huge issue in this election campaign. So it is odd that both major parties are hanging onto a policy that will take more out of workers’ pockets.
The Abbott government’s deal with the Palmer United Party to freeze the minimum superannuation contribution rate at 9.5% until 2021 will not only cost retirees, it will also see future governments forced to bear the brunt of an increased reliance on the Age Pension.