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Super Details for Employers

Understanding Super Details for Employers: A Quick and Easy Guide 2023/24

Understanding the intricacies of the superannuation system specifically super details for employers is crucial to fulfilling your obligations and supporting your employees’ financial well-being. In this blog, we will delve into the essential superannuation details every employer should know, providing valuable insights and practical guidance to help you navigate this complex landscape effectively. Read on …

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Work Test Removal to Empower Older Australians in 2023 

An update on work test removal has provided new opportunities for those approaching retirement. Starting from 1 July 2022, individuals aged between 67 and 74 won’t have to satisfy the work test to make or receive non-concessional or salary-sacrificed contributions to their superannuation.  The announcement made in the Federal Budget on 11 May 2021, regarding …

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COVID-19 Re-contribution Early Release Super Amounts

Re-contributing COVID-19 Early Release Super Amounts   Re-contributing COVID-19 Early Release Super Amounts is a complex process but a great way to grow your super funds. Many individuals have been impacted financially by the COVID-19 pandemic, leading to changes in money management. To provide relief during this crisis, the government opened access to superannuation funds under …

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The Age for the Downsizer Super Scheme to Drop to 55 Starting January 2023.

Australian citizens aged 55 and over can now take advantage of downsizer contributions with the passage of the Treasury Laws Amendment (2022 Measures No. 2) Bill 2022. This means that from January 1st, 2023, eligible submissions will be accepted from those meeting criteria along with any other established eligibility qualifications. What is the downsizer super …

The Age for the Downsizer Super Scheme to Drop to 55 Starting January 2023. Read More »

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