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Showing 1 - 10 of 30 results for "SG payments"

Super planning remains top adviser focus this EOFY: Podcast

CASSANDRA BALDINI  |  THURSDAY, 15 JUN 2023
... before the federal budget, the government made an announcement that they intend to introduce legislation to have payday SG payments," he said. "So, a lot of us understand SG, at minimum, is due at the end of each quarter for eligible employees. The government ...

Payday super to boost retirement savings for millions

ANDREW MCKEAN  |  TUESDAY, 2 MAY 2023
... greater opportunity to achieve their best possible retirement. "A significant proportion of our members have their SG payments either paid monthly or less frequently, and this is often out of sync with their take home pay," Doyle said. "Many of our members ...

Mercer proposes superannuation tax overhaul

ANDREW MCKEAN  |  MONDAY, 6 FEB 2023
... outcomes report highlighted three key benefits of its proposals. The proposals will close the gender gap in super through SG payments on parental leave and the extension of LISTO, decrease tax benefits for those with large super balances, and achieve ...

Unpaid super tops $5bn per year: ISA

JAMIE WILLIAMSON  |  THURSDAY, 28 OCT 2021
... already the case. A further 28% knew there was no obligation on employers to do this and a further 26% didn't know when SG payments had to be made. "Not paying super with wages makes it difficult for workers to keep track of their money and allows payments ...

SG rise to benefit 6.7m Australians: ISA

KANIKA SOOD  |  FRIDAY, 2 JUL 2021
... balance increasing by $19,000 for a median 30-year-old worker. It also expects about half of the $1.5 billion in extra SG payments over the next year to go to the accounts of under-40 workers. By gender, 3.41 million women will receive the SG boost compared ...

$450 SG threshold axed

JAMIE WILLIAMSON  |  TUESDAY, 11 MAY 2021
... would benefit more than 200,000 women, the need for Aussies to earn more than $450 a month in order to qualify for SG payments is being abolished from 1 July 2022. It's expected to cost about $31.5 million over the forward estimates. "The government ...

SG verdict: Choose your own adventure

KANIKA SOOD  |  FRIDAY, 20 NOV 2020
... superannuation contributions would vary by income level. They are estimated to offset almost two-thirds of the forgone SG payments for income earners in the 99th percentile, falling to about 20% for lower-income earners," the review concluded. The report's ...

A man is not a plan: Rice Warner

ELIZA BAVIN  |  MONDAY, 9 MAR 2020
... provide more public housing solutions. It also suggested changing super tax concessions, removing the $450 threshold for SG payments, consider providing tax deductibility of financial planning and allow joint super accounts for married couples, amongst ...

SMSFs interrupted in 2019: SuperConcepts

ELIZABETH MCARTHUR  |  WEDNESDAY, 19 FEB 2020
... important for SMSF specialists to understand the new law. However, employers can ignore the request to opt-out of SG payments and keep paying them. "Given these clients are likely to be senior in their organisations, you would think their employers would ...

ATO to crack down on SG non-payment

KRISTI CHENG  |  TUESDAY, 27 AUG 2019
... their employees within 30 days after the end of the reporting quarter," he said. "Progressive quarterly reporting of SG payments to employees is now routine. Until this year, we only received an annual report from APRA-regulated funds." All APRA-regulated ...
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