Nov 21, 2018 | Blog, Contributing to Super, SMSF, Superannuation, Superannuation Tax
The definition of a concessional contribution is a contribution made to superannuation where a tax deduction has been claimed in respect of the contribution. The level of concessional contributions that can be made into your super account is limited. It is the...
Oct 4, 2018 | Blog, Contributing to Super, SMSF, Superannuation, Superannuation Tax
Is salary sacrifice concessional or non-concessional? This is an important question to determine the benefits of you making salary sacrifice contributions to superannuation and which contribution cap to count it towards. Salary sacrifice contributions to super is an...
Jul 26, 2018 | Blog, Contributing to Super, Superannuation
This article explores the advantages and disadvantages of salary sacrificing part of your wage into superannuation. Salary sacrifice is an arrangement with your employer whereby you give up some of your salary in exchange for increased superannuation contributions....
Jul 22, 2018 | Blog, Contributing to Super, Featured, Superannuation
The Superannuation Guarantee Levy rate is the amount that an employer is required to pay into a superannuation account on behalf of an employee under the superannuation guarantee obligations. The Superannuation Guarantee Levy is represented as a percentage of an...
Jul 10, 2018 | Blog, Contributing to Super, Superannuation
The Superannuation Guarantee (SG) is the compulsory amount that an employer must pay into the default or nominated superannuation fund in respect of an employee as part of their employment conditions. The Superannuation Guarantee Charge (SGCC Superannuation) is a...
Jul 4, 2018 | Blog, Contributing to Super, Superannuation
Requesting the SGC Superannuation Fund phone number is common amongst employees all over Australia. It is actually difficult to find the SGC Superannuation Fund phone number. SGC stands for Superannuation Guarantee Charge. It is common that SGC is noted on a payslip...
Feb 15, 2018 | Blog, Contributing to Super, Featured, Superannuation
So, how do the catch-up provisions for unused Concessional Contributions work? And how can these unused Concessional Contributions be carried-forward? This article will explain the conditions that need to be met so that an individual can utilise the Concessional...
Aug 3, 2017 | Blog, Contributing to Super, Superannuation
Meeting the Superannuation Work Test is required for members who have reached age 65 and wish to make or receive certain contributions. The Government did not make any changes to the superannuation work test from 1 July 2017. Members under age 65 are not required to...
Dec 8, 2015 | Blog, Contributing to Super, Superannuation
Ever wondered why people make extra superannuation contributions? Do you want to know how to make extra superannuation contributions? Firstly we should define what a ‘standard’ superannuation contribution is, so that an extra superannuation contribution...