Category Archives: Basics about Super

Basics about Super – Paying Super for Small Business – Small Business Superannuation Clearing House (SBSCH)

Posted on March 30, 2019 by

The Australian Tax Office (ATO) has a service called the Small Business Superannuation Clearing House, designed to help small business (with less than 19 employees) meet their super obligations as employers. Here is what the ATO site says – The … Continue reading →

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How to succeed with Transition to Retirement TTR or TRIS – Basics about Super

Posted on March 1, 2019 by

A TTR (Transition to Retirement) is a method for topping up your income as you approach retirement. It helps you supplement your work income with a super pension, enabling you to work less or part-time. It is good to see … Continue reading →

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Basics about Super – How does Superannuation work in Australia?

Posted on January 31, 2019 by

The Australian Superannuation system is a long term savings arrangement by the Australian Government to save for your retirement, and help ensure Australians have enough income in retirement. Super money is predominantly paid in by employers, the self-employed for themselves, … Continue reading →

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Basics about Super – Choice of Super Fund for your staff – Know what to do

Posted on September 28, 2018 by

Employers should be aware that employees who are eligible for super, in many cases are also eligible to choose the super fund you pay into for them. But if they aren’t eligible to choose or don’t make a choice, you … Continue reading →

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Basics about Super – 5 more things to know about Superannuation in Australia

Posted on August 31, 2018 by

Here are five more basics about the Australian Super system. (For the first 5 Basics 1-5 see last month HERE) 6. Investment Choices – While the big major super funds allow you to choose the level of risk that you want … Continue reading →

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Basics Superannuation – Basics 1-5 to know about super in Australia

Posted on July 31, 2018 by

Superannuation Guarantee (SG) – All Employers must pay at least the value of 9.5% of your wages/salary (not FROM your pay, but another expense of the employer) to your member account in a super fund (including a self-managed super fund). … Continue reading →

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Basics about Super – EOFY – End of Financial Year – Last Days – Checklist!!

Posted on June 24, 2018 by

Time is running out – only days left to the End of Financial Year (EOFY), it’s time to have a review to ensure all is in order and all ACTIONs taken by 30 June deadline, as well as papers documenting … Continue reading →

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