From 1 July 2026, Division 296 introduces an additional tax for individuals with total superannuation balances above certain thresholds. This measure is commonly referred to as the “$3 million super tax”. While it will not affect most Australians, it is important for those with larger superannuation balances to understand their position and consider whether any…
From 1 July 2026, Payday Super will require employers to pay superannuation at the same time as wages. This replaces the current system, where super can be paid monthly or quarterly. For employers who already make monthly super contributions, the change is unlikely to have a significant impact. However, for businesses that currently pay super…
Advivo explains the ins and outs of paying superannuation to your employees. First Published: April, 2018 Updated: July, 2023 As a small business owner, you likely have many different roles to fill, and won’t always know the answer to every question involving your finances. Superannuation is one of those anomalies that you need…
Advivo Accountants and Advisors proudly provide expert advice about the tax advantages of superannuation and will assist you every step of the way with your Self-Managed Super Fund (SMSF). We strongly recommend talking to an expert when it comes to your personal retirement goals. This information does not constitute financial advice. Any information in…
Advivo Business Advisors and Accountants discuss the potential challenges with the new stapling of superannuation. This article is relevant for all employers, especially those who work in payroll. As you may be aware, from 1 November 2021, the process has changed to deal with any new employees who do not complete a Superannuation Choice form to provide details of…
Advivo’s experienced SMSF Accountants delve into the advantages of running a self-managed super fund. As the name implies, a self-managed super fund (or SMSF) is a private superannuation fund that you control yourself. A sole purpose of an SMSF must be to provide retirement benefits that are unachievable from an industry superannuation membership. As…
With a dedicated team of SMSF accountants, Advivo is here to help you stay compliant while having greater control over your superannuation. Self-managed superannuation funds (SMSFs) are gaining popularity for individuals to have greater control over how their money is invested, as opposed to other super funds. Having greater control also means having greater…
The Superannuation Guarantee (SG) Amnesty Bill has now passed both houses, with employers set to get six months to disclose historical non-compliance before tougher penalties apply… The long-awaited Superannuation Guarantee (SG) Amnesty Bill has passed Parliament and is now awaiting Royal Assent to become an Act. The amnesty period will start from 24 May 2018…
Advivo shares how to correctly process annual leave for compulsory superannuation purposes over the busy holiday period… Over the Christmas and New Year period, many of our clients ask us for assistance with employee leave entitlements. To help you get by the busy holiday period, we have put together a list of everything you need…
A Quick Guide on the Upcoming Changes Regarding Superannuation If you have a Self-Managed Superannuation Fund you might be aware that the rules are constantly changing. Over the past few years there have been many significant changes made and many proposed but never legislated. We have prepared a quick guide on the upcoming changes and…
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