Superannuation Archives | RDL Accountants

Browse Categories

Superannuation Articles

Superannuation guarantee increase to 10.5% from 1st July

Employers are reminded that the Superannuation Guarantee (SG) rate will rise from 10% to 10.5% on 1 July 2022 and will continue to increase by 0.5% each year until it reaches 12% on 1 July 2025.

Work-test repeal – enabling those under 75 to contribute to super

From 1 July 2022, the work-test has been scrapped and individuals aged younger than 75 years will be able to make or receive non-concessional contributions (including under the bring-forward rule) or salary sacrifice superannuation contributions without meeting the work test, subject to existing contribution caps.

Removal of the $450 super guarantee contribution threshold

In February this year the federal government passed legislation to enact previously announced changes to the superannuation system. One of these was the removal of the $450 super guarantee contribution threshold

Recruiting new employees? The 1 November super rule changes

Hired a new employee and they haven't nominated a superfund yet? You need to know these new rules starting from 1 November 2021.

SMSF Funds now with 6 members

From the 1st of July 2021, Self-Managed Superannuation Funds (SMSFs) will be able to have up to 6 members - an increase on the previous limit of 4 members.