superannuation
You’ll have an extra step to take if you have new employees who start from 1 November 2021 and they don’t choose a super fund. Katie, Account Manager at 542 Partners, takes you through the changes you need to know.... Read more
An increase to the superannuation guarantee (SG) is set to go ahead from 1 July which will see the base rate rise from 9.5 per cent to 10 per cent. Kurtis from 542 Partners breaks down what Employers should consider... Read more
If you missed the recent announcement of the 2019/20 federal budget, 542 Partners has you covered! The ‘Ballot Box’ budget is designed to showcase the return to surplus and engage voters with initiatives to make them feel like they are... Read more
For many, the new calendar year is a time for change and refocusing, and the end of the financial year should be no different. Australia recently welcomed some positive changes to superannuation for employees. So if you are an employee,... Read more
There is no doubt you have heard a lot about the recent super reforms. With so much being said, we’ve distilled our top strategies to help you stay compliant and take advantage of the new rules. Make voluntary personal... Read more
As an employee, salary-sacrificing superannuation, by making before-tax super contributions, is a popular strategy for middle-to-high income earners. Salary sacrificed superannuation contributions under an effective salary sacrifice arrangement are not considered to be fringe benefits and can be a tax... Read more
With business expenses piling up around you, it’s easy to leave your own super contributions last on the list. While it’s law for you to pay the 9.5% of salary, superannuation guarantee for your employees, many small business owners fail... Read more
As we hurtle towards the end of the financial year, we are also fast approaching the 30 June 2016 deadline for SuperStream. If you’re a 542 client, you needn’t worry – you’re more than likely already using Xero’s... Read more
Tony Brennan Citi Equity Strategist Citi Group “A disproportionate amount of super savings is invested in the local sharemarket, rather than the bond market or international shares.” “Super funds have on average around 35 per cent of total assets... Read more
If you’re a business owner, planning for retirement can fall down the list of priorities. With an ageing population and mounting costs of living, ‘super’ is an important consideration for all Australians, but even more so if you’re a business... Read more