super
Superannuation and Bankruptcy – What You Need To Know Have you ever wondered what happens to superannuation in bankruptcy situations? Bankruptcy is a legal process that can be commenced when you are declared unable to pay your debts. It is a process that can release you from most debts, provide relief and allow you to …
Superannuation – What You Need To Know In some circumstances, superannuation contributions can be claimed on your tax return if they are made to a super fund or retirement savings account. However, these circumstances are limited and may require professional advice to maximise the benefits. Superannuation contributions that are paid by your employers directly to …
What is Payday Super? There’s been a lot of buzz around superannuation since the 2023-24 Federal Budget was announced. One such buzz involves the concept of ‘payday super’. Payday super has been introduced by the government to avoid the discrepancies that those in lower-paid, casual and insecure work often encounter with their superannuation compared to …
Superannuation and Contractors Contractors who run their own business and sell their services to others have different obligations to their super than what employees in a business may usually have. A contractor (also known as an independent contractor, a subcontractor, or a subbie) who is paid wholly or principally for their labour is considered to …
Superannuation – Risk Levels Taking care of your superannuation is just as important as taking care of your taxes and business expenses as a self-employed individual. While you don’t need to pay super to yourself, it might help you feel more secure about your finances during retirement. Regular or lump sum payments can usually be …
Superannuation – Risk Levels When it comes to investing, there is always a certain amount of risk involved. The key to a great investment strategy is to discern how much risk you are willing to take. The risk profile of your superannuation investment strategy should be determined by combining your financial goals and the time …
Super Guarantee Change – Deadlines, Payments & Everything Your Business Needs To Know Before The EOFY Are you aware of Super Guarantee changes for the upcoming financial year? It is easy to get caught out with superannuation, particularly when you are the owner of a business. With so many things to occupy your mind, superannuation …