Tag: Super


How long is your work week?

29

Apr 2016

How long is your work week?

May Day – How long is your working day? On Monday we have a public holiday called Labour Day, also known as May Day. Labour Day is a holiday to celebrate the 8 hour working day. During the industrial revolution it was common to work 10 to 16 hours a day for 6 days a week so we have come a long way since then....

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Christmas 2013 + extras!

18

Dec 2013

Christmas 2013 + extras!

MySuper A reminder that from 1 January 2014, employers have an obligation to pay superannuation contributions into a default fund that offers a MySuper investment option unless the employee has exercised choice of fund. Please contact our office if you would like to discuss how this may effect your superannuation obligations. Asset Security Are you selling on terms, such as retention of title, or leasing...

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Fraudulent ATO Contact

27

Aug 2012

Fraudulent ATO Contact

Ever wonder why the ATO constantly warn of fraudulent ATO contact (aka ‘scams’)? People must fall for them all the time as the scammer often appears to be professional and may even provide reference numbers for the calls/emails to keep up appearances. If you receive suspicious contact from the ATO by emails, phone calls or letters then you should contact your tax agent to verify...

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Super contributions – too much of a good thing?

29

Mar 2011

Super contributions – too much of a good thing?

Last year approximately 40,000 people contributed too much to their superannuation, with these excess contributions attracting up to 46.5% tax. While the Government encourages us to top up our super by offering a favourable tax environment for super contributions and earnings, it also sets a limit on the amount of contributions that can be made to your super. So it appears that too much of...

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Free money from the government: super co-contribution

15

Jul 2010

Free money from the government: super co-contribution

The super co-contribution is a government measure to boost super savings. If you are a low or middle income earner, you may be able to receive the super co-contribution from the government by making eligible personal superannuation contributions to your fund. You do not have to contribute the full $1,000 to be eligible – any amount up to $1,000 will attract the super co-contribution. The...

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2010 Federal Budget, and other exciting news!

12

May 2010

2010 Federal Budget, and other exciting news!

Exciting news, the 2010 federal budget was released last night. Please find attached a summary of the proposed amendments.  The attached document is reasonably detailed so feel free to contact myself if you have any queries. Link to the 2010 Federal Budget A brief summary of the budget:•    An expected return to surplus in 2012-13;•    Funding of a renewable energy future fund;•    Funding of a new...

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