Auswild & Broad | Blog

‘Payday super’ will overhaul the way in which superannuation guarantee is administered. We look at the first details and the impending obligations on employers.

Here’s a summary of the key changes coming into effect on 1 July 2024:

On 15 March 2024, the ATO's Small Business Super Clearing House ('SBSCH') will roll out SMSF bank account validation.

From 1 July 2024, the amount you can contribute to super will increase. We show you how to take advantage of the change.

The gender gap may be closing in SMSF balances (and at a much faster rate than APRA funds), but it's still a glacial pace. Class modelling shows that an early boost, combined with the magic of compounding, can redress the imbalance.

It has been announced today that there will be an increase in the standard concessional and non-concessional contribution caps from 1st July 2024.

The Government intends to introduce laws that will require employers to pay SG at the same, or similar time, as they pay employee salary and wages.

What happens if an employer pays superannuation late?

A consultation paper released by Treasury has sparked a national debate about the role, purpose and access to superannuation ahead of the 2023-24 Federal Budget.

From 1 January 2023, those 55 and over can make a ‘downsizer’ contribution to superannuation.