Payday Super – Your Employer Checklist One of the biggest changes to hit Australian payroll in a generation is now less than two months away. From 1 July 2026, employers must pay superannuation contributions on payday – within seven business days of each wage payment – rather than quarterly. If your payroll systems, processes, and …
Making Downsizer Contributions Into Your Super Are you a retiree looking to move into a smaller home after selling the family home? Downsizer contributions offer a valuable opportunity for Australians aged 60 and over to boost their superannuation by contributing proceeds from the sale of their family home. Introduced to help older Australians save …
Payday Super Australia’s superannuation system is set for one of its biggest shake-ups in decades. The government’s “Payday Super” draft proposal aims to make super payments faster, fairer, and more transparent – but it also means significant changes for how employers handle payroll and compliance. Under the current rules, employers pay superannuation guarantee (SG) contributions quarterly. The …
Superannuation Advice Superannuation is one of the most significant investments many Australians will make. The stakes are even higher for those managing their retirement savings through a self-managed super fund (SMSF). While it can be tempting to adopt a “set and forget” approach, seeking ongoing professional advice is essential for maximising the potential of your …
Checking Your Superannuation The halfway point of the financial year is an excellent time to take stock of your superannuation. With six months of income and contributions already in place, you have enough data to assess your progress and make any necessary adjustments before the end of the financial year. Here’s why a mid-year super …
Superannuation for Medical Costs Over the past five years, more than 150,000 Australians have dipped into their retirement savings early to cover medical expenses, raising concerns about the financial impact this may have later on. While the Australian Tax Office’s (ATO) compassionate release of superannuation scheme offers much-needed financial relief for those dealing with severe …
Superannuation: Closely-Held Employees Small businesses, especially family-run ones, require careful attention to payroll for closely held employees, such as family members, directors, and shareholders. The Australian Tax Office (ATO) mandates that all employers adhere to Single Touch Payroll (STP) reporting requirements regardless of the employee’s relationship to the business. However, small businesses with fewer than …
Superannuation: Self-Employed & Contractors If you’re a contractor, freelancer, or self-employed, you’re probably already juggling multiple responsibilities, from managing clients to keeping track of your income. One area that often gets overlooked is superannuation, but it’s crucial to think about your future. Even though you may not have an employer making regular super contributions on …
Superannuation: Spousal Contributions Superannuation is a vital aspect of retirement planning in Australia, ensuring individuals have sufficient savings for their later years. One effective strategy to enhance your family’s overall superannuation balance is through spouse contributions. Spouse contributions involve one partner making voluntary superannuation contributions to their spouse’s super fund. This can be particularly beneficial …
Superannuation Before The EOFY for the Self-Employed As the End of Financial Year (EOFY) approaches, self-employed individuals have a unique opportunity to bolster their retirement savings and take advantage of significant tax benefits. While the self-employed may not have the automatic superannuation contributions that employees receive, proactive planning and strategic contributions can yield substantial long-term …
Superannuation Clearing House As the End of the Financial Year (EOFY) approaches, it’s crucial for employers and self-employed individuals to ensure their superannuation contributions are processed efficiently and on time. Utilising a superannuation clearing house can streamline this process, ensuring compliance and maximising the benefits of super contributions. Here’s a comprehensive guide on why and …
Super for Millenials & Gen Z Millennials and Gen Z are facing some of the most difficult challenges when it comes to financial priorities. Between paying off HECS debts/HELP loans and saving for a first home, these immediate concerns often overshadow long-term goals like retirement planning. In the midst of these immediate concerns, it’s easy …