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Showing 11 - 20 of 67 results for "SG contributions"

Stop penalising women: HESTA

CASSANDRA BALDINI  |  WEDNESDAY, 1 FEB 2023
... second tax bracket, link the amount to the SG rate and introduce an additional annual payment equal to 15% of SG contributions for those who earn below the effective tax-free threshold," HESTA said. HESTA explained the second recommended change is so ...

Active Super enhances parental leave policy

JAMIE WILLIAMSON  |  TUESDAY, 26 APR 2022
... entitlements. In an effort to help bridge the gender super gap, the industry fund will pay primary caregivers SG contributions for up to 12 months on paid and unpaid parental leave. It will also extend parental leave entitlements for primary caregivers ...

$450 super threshold scrapped

JAMIE WILLIAMSON  |  FRIDAY, 11 FEB 2022
... super, which leaves them more vulnerable to poverty as they age," she said. The next step is to further lobby for SG contributions to continue while on parental leave. The removal of the threshold was contained in Treasury Laws Amendment (Enhancing Superannuation ...

Poor financial literacy failing young workers

KARREN VERGARA  |  TUESDAY, 25 MAY 2021
... employers should be contributing to their super. Incidentally, this cohort do no know if they are receiving the right SG contributions. Only a minority (10%) make extra contributions. In terms of life insurance, less than half (42%) would consider insurance ...

Super funds slam budget's super gap measures

KANIKA SOOD  |  WEDNESDAY, 12 MAY 2021
... included five key decisions on superannuation. These were abolishing the $450 per month income threshold to receive SG contributions, abolishing the work test for voluntary super contributions for 67 to 74 year-olds, lowering the downsizer contribution ...

OPINION: Super for housing was the wrong policy fight

ALEX DUNNIN  |  TUESDAY, 11 MAY 2021
... budget that will make a serious mark is the removal of the threshold below which employees would not receive SG contributions. While getting rid of this threshold may be a small boost to low-income workers, they will blaze a trail for the rest of the ...

Rest offers extra parental leave

KARREN VERGARA  |  TUESDAY, 11 MAY 2021
... superannuation contributions as part of their parental leave," she said. A newly released paper from KPMG recommended that SG contributions should be included in the Commonwealth Paid Parental Scheme so as to combat the widening super gender gap. Excluding ...

KPMG recommends super changes

KANIKA SOOD  |  WEDNESDAY, 5 MAY 2021
KPMG says SG contributions should be included in the Commonwealth Paid Parental Scheme, among three recommendations to level the gender gap in the workforce. Its recently published paper Towards a more equal sharing of work says since the 1970s, the ...

SG verdict: Choose your own adventure

KANIKA SOOD  |  FRIDAY, 20 NOV 2020
... concludes that SG staying at 9.5% would mean that people keep more of their total remuneration as wages instead of SG contributions. It puts this at 2% higher working-life incomes, giving them "higher living standard in working life". "If people efficiently ...

Industry fund underpaid SG to staff

KANIKA SOOD  |  TUESDAY, 1 SEP 2020
... to the letter, ACSRF enlisted KPMG to conduct a review of the payroll data up to 31 March 2018. The catch up SG contributions fall within the government's SG Amnesty which runs until September 8, after being passed earlier this year. This means the ...