Superannuation
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 Payments The superannuation payment to your employees must be made, otherwise, stringent penalties can be imposed that are more financially damaging to your business than simply paying their superannuation. Eligible employees must be paid their minimum superannuation of 10.5% of their ordinary time earnings (OTE). By 2025, this is predicted to increase to …
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