Superannuation Contributions for FY 2022

An employer must contribute to a complying superannuation fund before year-end in order to obtain a tax deduction for superannuation contributions. The superannuation contribution must be paid and cleared in the bank account before 30 June to claim a tax deduction. This will mean that payments should be made by 20 June to allow sufficient…

Stapled super changes coming for employers

Employers get ready – there’ll soon be an extra step involved when it comes to hiring new employees. From 1 November 2021, employers will need to determine if a new employee has a “stapled” super fund and request the details from the ATO where a new employee has not nominated a super fund. A stapled super…