As we approach the new financial year, the Superannuation Guarantee rate is set to increase from its current level of 10.5% to 11%. This positive change reflects the government’s commitment to improving the financial security of individuals during their retirement years.
The Superannuation Guarantee is a compulsory contribution made by employers on behalf of their eligible employees to a designated superannuation fund.
To ensure a smooth transition to the new SG rate, both employers and employees should familiarise themselves with the upcoming changes. Employers must update their payroll systems to reflect the increased SG rate, ensuring compliance with the legislation. Employees should review their superannuation contributions to ensure they are receiving the correct amounts.
If you have any questions about the upcoming SG rate increase please contact our office on 08 9387 5637.
Mark has helped us immensely to understand our financial position, these guys are not just tax agents, they fully understand all aspects of business.
Daniel and his team at Tactica Partners have been taking care of me, my family and my company's accounting needs and I highly recommend him and the team. They've made getting tax done so easy and Daniel is an amazing accountant and extremely thorough and helpful.
…very professional, well prepared and organised. They have given us great business and personal tax advice, offered us good business insights, and more general personal planning advice too.
They continually deliver on all aspects of their service offering. …..we appreciate the substantial assistance they have provided in managing our bookkeeping function and providing proactive tax and accounting advice. We value their ongoing input in helping us strive for continual improvement on our reporting processes and delivery of timely information to our US office.
At last! An accountant who has "not" had a totally successful charisma bypass operation! Sensible and knowledgeable advice. Excellent!
Mark H and Helen have given us wonderful support for our family and business accounting for several years now. When I got my first invoice I grumbled……. not now. We can see the savings and feel the security for ourselves.