Tag: Super

Only 35.4 per cent of Australians sought the advice of a professional, such as an accountant or financial planner, when deciding to change superannuation providers.

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).

Medium and large-sized businesses now have more time to ensure they are SuperStream compliant after the ATO extended the June 30 due date.

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.

Australian firms need to ensure payroll systems are up-to-date and supported by providers ahead of looming SuperStream deadlines.

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 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.

More Australian small business owners are opting to take on self-managed super funds.

This is the second instalment of a three-part series about upcoming changes to superannuation.

As a business owner, you are probably aware that there are some changes planned to superannuation and the minimum requirements paid to employees. However, do you know exactly what they are, and how they will affect your business?