Thursday 23rd May 2013

Your Super Obligations are Changing!

  • Superannuation

Employers across Australia will have new super obligations under a range of reforms that are being implemented from 2013 to 2019.

From 1 July 2013, employers must:

  • Increase the minimum rate for super guarantee payments on behalf of their emloyees from 9% to 9.25%.

  • Start making super guarantee contributions for employees aged 70 years and over with the removal of the existing upper age limit.

Start preparing now:

  • Ensure your payroll and accounting systems are able to cater for the gradual increase in the super guarantee rate and removal of the upper age limit.

  • If you have 19 or fewer employees, consider using the free Small Business Superannuation Clearing House, which lets you pay your super contributions in one transaction to a single location.

Want more information?

  • ato.gov.au/employersuper

  • humanservices.gov.au/smallbusinesssuper

  • Or contact our office on 9388 2532

Find Out More

Request more information or arrange a meeting right here.