Wage suppression ‘Time Bomb’ costs Australians $100 billion in super savings
Wage suppression strategies and the termination of enterprise agreements could cost Australian’s $100 billion in lost retirement savings, according to a report from the...
Government introduces legislation to overhaul superannuation
Financial Services Minister Kelly O’Dwyer has pushed through reforms to overhaul the governance of Australia’s $2.3 trillion superannuation system, sparking anger from Industry Super...
SuperStream generating $2.4b in savings per year for superannuation fund members
Wednesday, 6 September 2017
Source: ATO
Following a five-year rollout, superannuation members are now receiving an estimated $2.4 billion per year in savings thanks to SuperStream. SuperStream...
How small businesses can assist their employees to get the most of their super
Although it’s not something that might cross every business owner or manager’s mind, it’s important to educate your team about things outside of the...
Dealing with a vague client? How to mitigate the potential frustration and come out on top
For the most part, people are very good at picking up on the verbal and visual clues that indicate another's mood. For those in customer-facing positions –...
The SuperStream deadline (28 Oct) won’t be pushed back again, small businesses warned
Businesses with 19 or fewer employees have less than two weeks to transition to SuperStream – the new, mandatory electronic standard for paying superannuation contributions....
Still paying super by cheque? Time to get digital
Are you still paying your employees’ super contributions manually via cheque, EFT or BPAY directly to funds? If so, it’s likely you aren’t compliant...
Big businesses can help eliminate barriers to SMB owners growing their super, says MYOB
Small to medium business owners are diligent when it comes to meeting their superannuation obligations to staff but growing their personal super is ‘not...
Let millennials use super to start a business
What if we could start putting superannuation to better use? The internet has changed the way we view and treat money. Paypal pioneered the idea...
Top high-income couples expected to earn $5 million from super tax breaks
The top 1 per cent of Australia’s high incomes couples set for retirement in 2055 will be receiving over $5 million in government assistance, according to estimates revealed by Industry Super Australia (ISA).
No super policy change will affect the retirement of 50% of Aussies: ISA
In its submission to the Tax Review, Industry Super Australia has forecast that close to 50 per cent of Aussies retiring from now to 2055 will not have the income necessary for a comfortable retirement.
Key steps for complying with new SuperStream superannuation regime
Australian firms need to ensure payroll systems are up-to-date and supported by providers ahead of looming SuperStream deadlines.
Call for banks to be penalised for offering business super deals
Industry Super Australia is calling for banks to be penalised for offering business banking deals aiming to see employers switch their employees’ superannuation contribution to bank-owned funds.
SMSFs remain the most popular fund type
SMSFs continue to be the most popular type of fund in terms of satisfaction with financial performance, according to the latest findings from Roy Morgan Research.
Bidding for invoices: Bringing SMEs and investors together
Capital, it’s a key factors that can determine whether or not a small business survives another day. With this firmly in mind, Charlotte Petris and her co-founder-husband launched a business that brings SMEs together with an all-important business element: the investor.
Battle to recover super from phoenix operators intensifies
The Australian Taxation Office is ramping up its response to rogue phoenix operators who exploit seasonal workers, and pocket their superannuation entitlements.
SuperRatings names best Australian super funds
SuperRatings, the Australian super research firm, have found Telstra Super to be Australia’s best super fund for members in the Accumulation phase.
ATO reminds employers to pay super guarantee rate
The Australian Taxation Office (ATO) is today reminding employers of the new super guarantee rate, ahead of the first quarterly superannuation payment.
ATO reminds employers to begin adopting SuperStream
The Australian Taxation Office is reminding employers to begin embracing SuperStream, the Government’s new method of transacting linked data and payments for superannuation.
SMSF set-ups rising
More Australian small business owners are opting to take on self-managed super funds.