Auswild & Broad Blog

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.

A series of reforms and changes will commence on 1 July 2022. Here’s what is coming up:

The Government previously temporarily reduced the minimum required rates for withdrawals from pension accounts by 50% for the 2020, 2021, and 2022 income years.

Superannuation is not like other assets as it is held in trust by the trustee of the superannuation fund. When you die, it does not automatically form part of your estate but instead, is paid to your eligible beneficiaries by the fund trustee according to the rules of fund, superannuation law, and the death nomination you made.