by Swot Accoountants | Mar 11, 2020 | Penalties, Super
The government has approved a superannuation guarantee (SG) amnesty to encourage and allow employers to disclose and correct any historical unpaid SG from 1 July 1992 to 31 March 2018, without incurring the administration or Part 7 penalties. To be eligible for the...
by Swot Accoountants | Aug 31, 2019 | Super, Tax & Compliance
If your combined income and super contribution exceed the Division 293 threshold, you pay additional tax on the super contribution which reduces the tax concession. The additional 15% tax is payable on either the amount of the super contribution or the amount that is...
by Swot Accoountants | Jul 31, 2019 | Super
If you have insurance through super, it usually covers you for death, disability and sometimes income protection. But, if your super account is not used for a while, your insurance may be automatically cancelled, regardless of your age. This means, if you haven’t...
