As we navigate through the early weeks of 2024, it’s crucial for both employers and employees in Australia to be aware of the upcoming Superannuation Guarantee (SG) due date. The Super Guarantee (SG) is a mandatory contribution made by employers to their...
If you are an employer in Australia, you have a legal obligation to pay a minimum amount of superannuation for your eligible employees. This is called the super guarantee (SG), and it is currently 11% of your employees’ ordinary time earnings. The Super rate...
Introduction As the new financial year approaches, it’s essential to stay informed about the latest changes to the Super Guarantee (SGC) rates. Effective from July 1, 2023, the SGC rate is set to increase from 10.5% to 11%. This is another crucial step in the...
To make sure you are not hit by additional charges, employers need to make sure that they are paying the correct amount of super for all eligible employees by the quarterly due date. For the July to September 2022 period is due by 28th October 2022. It is important to...
Business Owners Just a friendly reminder. If you would like to claim superannuation payments in the current financial year for the june quarter, you will need to finalise payments today so that they are processed. This will allow enough time for the super funds to...
June is now upon us, and that means many things – Tax planning, finishing off the years bookkeeping and much more. This year however, there will be major changes to super guarantee which will require changes to the way that super is paid. Up until now super...
