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#EveryoneNeedsaPlan to Pay Employee Super If Earning Less Then $450 per Month
Posted by G. Dean McKinnon
on 9 March 2022
From 1 July, 2022 employers will need to pay super for employees who earn less then $450 per month, which was not previously payable.
Employers need to contribute to the employee's super 10% of the employees gross income each financial year quarter. The whole process can be complicated, so if you are unsure as to your obligations, the ATO has provided some guidance and an Employer Obligation Checklist.
McKinnon Financial Planning's Total Service Clients that utilise our bookkeeping services will have their employee super obligations taking care of for them. If you would like to know more about our services, please do not hesitate to contact us and arrange your free initial appointment to discuss your requirements.
Employers need to contribute to the employee's super 10% of the employees gross income each financial year quarter. The whole process can be complicated, so if you are unsure as to your obligations, the ATO has provided some guidance and an Employer Obligation Checklist.
McKinnon Financial Planning's Total Service Clients that utilise our bookkeeping services will have their employee super obligations taking care of for them. If you would like to know more about our services, please do not hesitate to contact us and arrange your free initial appointment to discuss your requirements.
Author:G. Dean McKinnon
| Tags:Superannuation |
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