Superannuation? Superannuation is an amount that your employer contributes to a superannuation fund based on the wages paid by your employer. Superannuation is a scheme designed for retirement. It is a way of forced savings for a retirement to safe the age care pension payable by the government. Interested in joining our team? Why not […]
Superannuation Co Contributions
Superannuation Co Contributions In recent years, the government has been decreasing the superannuation co contributions for low income earners. Based on the individuals taxable income, each financial year, the co contribution that the government will contribute to a complying superannuaiton fund will decrease. There is a maximum of $500 per financial year. Interested in […]
Not meeting super obligations can be an expensive mistake
Not meeting super obligations can be an expensive mistake Small business owners who try to avoid their employee superannuation obligations can now be reported to the Fair Work Ombudsman. Formerly the ATO was charged with enforcing employer’s super obligations. But due to the ATO’s workload, the chance of an errant employer being forced to meet […]
