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Showing 31 - 40 of 67 results for "SG contributions"

Women in Super ramps up "Make Super Fair" campaign

MICHELLE BALTAZAR  |  WEDNESDAY, 5 DEC 2018
... guarantee (SG) increases* Pay SG on the government paid parental scheme* Remove the $450 monthly income threshold on SG contributions* Require Government to undertake and publish a gender impact statement for any changes to age pension or retirement ...

SG non-compliance declining: ATO

KARREN VERGARA  |  FRIDAY, 13 APR 2018
... their contributing membership. Launched in 2012, SuperStream mandates employers or businesses to pay employee SG contributions to super funds, and provide the money and data in an electronically format. Self-managed super funds and APRA-regulated funds ...

Increasing SG is not the answer: O'Dwyer

KARREN VERGARA  |  THURSDAY, 5 APR 2018
... savings are spent on straight out political advertising." The Henry Tax Review found employees bear the cost of SG contributions through lower wage growth - which only increases retirement income at the cost of reducing their current standard of living ...

Traditional advice strategies pose retirement risk

JAMIE WILLIAMSON  |  WEDNESDAY, 24 JAN 2018
... a much healthier position. "The limit on how much can be contributed to super personally is $25,000 less your SG contributions, which is 9.5% of your salary. For those aged 40 and over this will become much more common, even if there is a reluctance ...

Industry association targets super gaps

EMMA RAPAPORT  |  MONDAY, 8 JAN 2018
... a Government-funded parental leave scheme that includes a superannuation component, linked to the payment of SG contributions required on average weekly earnings. The implementation of a paid parental leave scheme with a superannuation component, would ...

ASFA puts gig economy on the agenda

EMMA RAPAPORT  |  THURSDAY, 7 SEP 2017
... arrangements means, under current policy settings, a lower proportion of jobs for which workers will receive SG contributions. Options for adjusting current superannuation settings put forward by ASFA include: Extending coverage of the SG to independent ...

ATO hits back at claims of inadequacy

EMMA RAPAPORT  |  FRIDAY, 5 MAY 2017
... inquiry, the committee was told that between 2013 and 2014, Australian's missed out on an estimated $3.6 billion in SG contributions due to employer failings. In handing down its findings, the committee blamed the ATO's reactive rather than proactive ...

ATO blamed for SG non-payment

KARREN VERGARA  |  WEDNESDAY, 3 MAY 2017
... had to rely on Industry Super Australia and Cbus' estimated figure of $3.6 billion in employers failing to pay SG contributions between 2013 and 2014. Thirty-two recommendations were put forth to address the problem, starting with the ATO prioritising ...

Industry funds happy SG charge retained

MARK SMITH  |  THURSDAY, 17 MAR 2016
... following a debate in Parliament. The SG charge is a penalty paid by employers who fail to make their quarterly SG contributions on time. It was set to be diluted under the Treasury Legislation Amendment (Repeal Day 2015) Bill, but a last minute amendment ...

Ending super gender gap needs collective approach

LAURA MILLAN  |  FRIDAY, 11 DEC 2015
... previous two decades. The association argued that possible solutions could be the phased increase in the rate of SG contributions to 12%, which will benefit women in particular, given that they are less likely to be receiving higher than minimum contributions ...