Employers must pay super contributions to a complying super fund for all eligible employees by the quarterly deadlines. These contributions are in addition to the employees’ salaries and wages, and must be calculated based on ordinary time earnings.
Employers also need to pay super contributions for contractors you pay under a contract for labour, because they [...]
Recent changes to the law mean that super funds will have to pay certain lost accounts (small accounts less than $200) as unclaimed superannuation money to the ATO.
How will the unclaimed superannuation money & lost super accounts work?
From 1 July 2010, super funds will be required to pay unclaimed superannuation money to the ATO where [...]
To enhance efficiency in the superannuation system, the Government will require superannuation providers to transfer certain lost superannuation accounts to unclaimed monies, with effect from 1 July 2010.
Superannuation providers will be required to transfer lost accounts with balances less than $200 (small accounts), and those which have been inactive for a period of five years [...]
How do I find my lost super?
We find many tax clients ask us how to locate the various superannuation accounts they have lost track of. It’s easy to do – change address or employers or towns or states?
We refer our tax clients who are looking for their lost superannuation to the FREE Australian Taxation Office [...]
Here is another article relating to investment property versus superannuation. It is an interesting debate and, sadly, one that is unduly infulenced by political preferences:
INVESTMENT and Financial Services Association chief executive John Brogden yesterday blamed the federal government’s changes to superannuation last year for prompting people to turn to investment properties for their retirement savings.
In [...]
ASFA Media release 12 January 2010:
ASFA – the Voice of Super today called on the Federal Government to increase the Superannuation Guarantee (SG) for all Australian workers to 12 percent as it frames the next Budget, due to be handed down in May.
“Whatever the findings or recommendations from the Henry Review, it is ASFA’s position [...]
The ATO can assist in finding lost superannuation.
If you have lost track of your superannuation and want to find you lost superannuation here are some tips to use SuperSeeker:
Using SuperSeeker online is quick and easy. Your search can be completed in a couple of minutes.
Important privacy information will be displayed. Read this information [...]
Have you lost your superannuation and don’t know where to find it?
I you are trying to find lost superannuation than try the ATO’s SuperSeeker – their new system for finding lost superannuation.
SuperSeeker offers enhanced search functionality to include results of unclaimed super that has been paid to them because either of the following applies:
· the [...]
Have you lost your superannuation and don’t know where to find it?
I you are trying to find lost superannuation than try the ATO’s SuperSeeker – their new system for finding lost superannuation.
SuperSeeker offers enhanced search functionality to include results of unclaimed super that has been paid to them because either of the following applies:
· the [...]
Promoters of arrangements to access superannuation savings has attracted ATO attention.
Except in some very specific circumstances, you cannot access your super savings until you reach retirement age (which is between age 55 and 60, depending on your date of birth).
The specific circumstance in which you can access your super savings early are very limited and [...]
