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%.
Salary sacrifice and super: How does it work?
From 1 January 2020, your salary sacrificed super contributions can’t be used by your employer to reduce their SG payment obligations, regardless of the amount you elect to salary sacrifice.
What is myGov and how do I use it?
Instead of rolling up to your local Centrelink, ATO or Medicare office to ask a question or get some help, we now deal with the government via our myGov account. Here we provide a simple guide to the myGov portal.
Superannuation Guarantee rules for employers
If there’s one thing guaranteed to have employers pulling their hair out, it’s red tape. Unfortunately, your obligation to pay super to employees comes wrapped in red tape and slip-ups can be costly. So what are the rules?
Is super better or worse than ever?
Super for Aussie workers has come a long way in the last 150 years. We look at the highs and lows of super since it was first put in place to see if it still stacks up.
How ‘guaranteed’ is a rise in the superannuation guarantee?
Soon after the election Treasurer Frydenberg flagged there would be an inquiry into retirement incomes. Since then, no details have emerged.
2019/2020 guide to concessional contributions (before-tax super contributions)
Although it can be difficult getting your head around all the different types of super contributions that go into your super account, concessional contributions are the ones you are mostly likely to have and are pretty straightforward to understand.
What is the maximum super contribution base for 2019/2020?
The SG rate is 9.5% of your earnings up to a limit called the maximum super contribution base (MSCB). The current MSCB is $54,030 per quarter, which equals a maximum SG contribution of $5,132.85 per quarter.
The rules of superannuation: Your guide for 2019/2020
If you are wondering how recent rule changes have affected your super and retirement plans, here’s a quick guide to the key changes and when they commenced.
Does the ATO do enough on unpaid super?
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.
Three retirement income priorities for the returned Morrison Government
The Morrison Government confronts a big agenda when it comes to retirement incomes. They need to implement the superannuation recommendations of the Hayne Royal Commission and respond to the Productivity Commission inquiry into superannuation costs.
Selecting your super fund: Can I make the choice?
Not everybody is eligible to select the super fund into which their employer directs the Superannuation Guarantee (SG) contributions they make on their behalf.
Quiz: Planning for retirement
Take the following 10 question quiz to test your knowledge on how to plan for your retirement.
$20 billion per year. That’s how much higher superannuation could take from wages
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.
Quiz: Boosting your super with super contributions
Take the following 10 question quiz to test your knowledge on boosting your super with superannuation contributions.