Guide to Division 293

Guide to Division 293

by | Nov 21, 2024 | All, Business, Supers

Division 293 tax was introduced in 2012 by the Australian Taxation Office (ATO) that applies to individuals with income above a certain threshold. It imposes an additional 15% tax on concessional (pre-tax) superannuation contributions for those exceeding the...
When Are Employers Required to Pay Super?

When Are Employers Required to Pay Super?

by | Sep 20, 2024 | All, Business, Supers

Superannuation (super) is a crucial aspect of financial security for employees in Australia. It ensures that workers have a safety net for their retirement, helping them maintain a comfortable lifestyle when they stop working. As an employer, it is your responsibility...
Guide to SMSF: Compliance and Restrictions

Guide to SMSF: Compliance and Restrictions

by | Apr 9, 2024 | All, Supers

What is SMSF?  An SMSF, or Self-Managed Super Fund, is a private superannuation fund that you manage yourself. It’s a way for individuals to save for their retirement, offering greater control over investment choices, such as stocks, real estate, and other...
How to Grow Your SMSF

How to Grow Your SMSF

by | Mar 4, 2024 | All, Supers

What is SMSF?  A Self-Managed Super Fund (SMSF) is a way for Australians to take more control of their retirement savings. Unlike traditional super funds, an SMSF allows its members to be trustees, making wider ranging decisions about investments and managing the fund...