Posts tagged "super"

The start of each financial year usually brings with a host of tax changes that SMEs need to be aware of, as well a a range of other legal changes that affect large sections of the Australian business community.

Employers will need to pay their workers' superannuation every time they pay their regular wage, thanks to a significant change to retirement saving rules introduced by the Albanese government.

Raising the tax rate on superannuation balances above $3 million will affect "many mum-and-dad businesses" which hoped to sell up for retirement, National Party leader David Littleproud says, as accountants warn of significant tax implications for successful entrepreneurs nearing the end of their professional lives.

Australia's top accounting groups are calling for urgent changes to the way regulators crack down on shady superannuation income.

The ATO is reassessing six guidelines on superannuation and employment after a High Court ruling found a worker contracted by a labour hire firm actually qualified as an employee.

Prime Minister Scott Morrison said his government, if re-elected, would let first home-buyers withdraw up to 40% of their super.

Parental leave is currently the only one type of leave that, more often than not, does not attract superannuation.

APRA is required to rate each MySuper fund with a pass or a fail according to how they have managed their members’ money.

There are several much-better ways to revive the great Australian dream for young Australians.

Faced with an 8400% spike in hardship requests, SocietyOne reframed their triage and assessment process with a customer first mindset.

On average, self-employed Australians retire with 50% less in their super accounts than their employed friends, and 20% retire with no super at all.

Pouring a greater proportion of each pay packet into the hands of super funds will not benefit Australians heading for retirement.