Ensure you’re paying the right super to your employees.
Whether you’re paying super for your employees weekly, monthly or quarterly, ensure that the following changes from 1 July 2024 are reflected:
The...
Transactions with related-parties can be tricky for Trustees. Trustees should be cautious when purchasing certain assets from related-parties or entities controlled by a related party. However, there are...
A Binding Death Benefit Nomination (BDBN) is a format that Members can use to nominate beneficiaries to pass on the super benefits in the SMSF upon their death. It’s also referred to as an ‘SMSF...
A lot of Australians are turning to SMSF to take control of their superannuity. SMSF is like any other kind of fund, except it allows members to take full control of their fund as well as hold more assets...
1. Super guarantee rates
From 1 July 2022 the superannuation guarantee rate will increase to 10.5%. The super rate is due to increase a further 0.5% each year until it reaches 12% in 2025. These increases...
