Planning for the Super Guarantee rate rise
Written on the 14 April 2014 by Macmillans Waller Fry - Accountants in Maitland
Employers should be prepared for the increases to the Superannuation Guarantee (SG) rate.
The steady climb in the SG rate requires employers to contribute more money into their employees’ superannuation fund.
It is also important that employers are aware that the upper age limit for paying the SG for an employee was removed this year.
Author: Macmillans Waller Fry - Accountants in Maitland
|Determining where to invest requires multiple factors to be taken into consideration. One such factor may be tax efficiency. The tax charged on income from a tax-effective investment is less than the individual’s marginal tax rate. Superannuation The government provides incentives to save t...|
|One of the most effective ways to add to your super balance is through salary sacrifice. Salary sacrifice involves the employee agreeing to exchange a portion of their salary (before tax) for an increase in superannuation contribution by their employer. Contributions made through salary sacrifice...|