Answer: The superannuation guarantee levy of 9% [forecast to increase to 12% over coming years] is payable on ordinary time earnings which is for ordinary hours of work and earnings consisting of over award payments, shift loadings or commissions.…
FIFO workers now have superannuation opportunity. A big superannuation disadvantage existed for fly-in fly-out resources professionals working overseas for a foreign company.…
Recovering superannuation entitlements from Phoenix companies.…
Save Tax: Superannuation - non cash contributions. Not enough cash to make a substantial contribution to your superannuation fund? Assets such as listed shares may be transferred to your superannuation fund and a deduction claimed for their value.…
Superannuation funds – Instalment Warrants and Limited Recourse Borrowing Arrangements (LRBAs). Draft legislation, in respect of the matter which was originally announced by the previous Government in March 2010, has been released.…
Question from Greg: Do you have any views on how the increase in superannuation guarantee levy will be applied to "total cost" employment contracts?…
Question from Steve: If your Will covers all your assets, does that still mean you need to make beneficiary nominations in your superannuation fund? Answer from Brett: Your Will actually does not cover all of what you might consider your assets.…
Assistant Treasurer Bill Shorten has foreshadowed that legislation will be introduced to increase compulsory superannuation guarantee from 13%.…
If you are self-employed or employed by your own company or trust you can establish and manage your own superannuation fund at a moderate cost. Get your accountant or solicitor to arrange this for you.…
A Bill is before Parliament which will effectively offset superannuation tax for super guarantee contributions for people earning up to $37,000.…