New stapled super fund employer obligation

From 1 November 2021, if you have a new employee start, there is now an extra step to comply with if they don’t choose a super fund. Previously when your employee did not choose a superfund, you were required to pay their super to the default superfund. From 1 November, this is changing. If your employee does not choose a superfund, you will be required to check with the ATO…  Read more

What you need to do before you retire

If you haven’t given any thought to what your retirement will look like, now’s a great time to start. It might not be the most fun thing to think about—not when there are vacations to plan or houses to buy—but retirement planning is a vital part of your overall financial plan. Most people dream about the day they no longer have to work. They dream of having a leisurely coffee…  Read more

Important Change for Employers: Superannuation Guarantee increasing to 10% on 1 July 2021

A Quick Overview The Superannuation Guarantee (SG) is scheduled to increase to 10% from 1 July 2021. If you have employees, you need to be ready for this legislated increase. What is Superannuation Guarantee? The Superannuation Guarantee is the minimum super an employer must pay to their employees super fund. The current SG percentage rate is 9.5% of employees Ordinary Time Earnings, but this is changing. Ordinary Time Earnings or…  Read more

Can residential property fund your retirement?

Thinking about retirement can be stressful. You need to plan for how long you think you’ll be retired, what lifestyle you will want to lead and approximately how much you will pay to maintain your cost of living plus any additional expenses. There are a lot of unknowns and “what ifs” that you might not be able to anticipate and many of them can affect your finances. Many people ask…  Read more

Overcoming financial gender gap

Overcoming the financial gender gap As female financial literacy rates increase around the world and more women become empowered to take control of their money, financial equality is improving. However, women still face a variety of unique challenges throughout their lives that can become barriers to growing their wealth. Here are some of the key financial gender gaps – and how you can overcome them. Wages Despite making significant headway…  Read more

Federal Budget 2020/21

On Tuesday 6 October, Treasurer Josh Frydenberg handed down the 2020/21 Federal Budget, which was one of the most eagerly anticipated Budgets in recent memory given the economic impacts felt across the country in the wake of the ongoing COVID-19 situation. Some described it as the most important Budget since World War II, given the rising levels of national debt and unemployment that we have witnessed in the past eight…  Read more

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