For businesses with employees, it’s quarterly Superannuation payment time!
The deadline for superannuation payment for the September 2017 quarter is due 28 Oct 2017. For businesses using AutoSuper on Xero, the cut off date to have it submitted and approved is 4pm AEDT, Tuesday 24 October. This ensures they reach the super funds by 28 October.
If you require assistance, Aston is happy to help!
The Government has released a Fact Sheet on their plan to encourage older people to downsize from homes that no longer meet their needs and to free up housing stock for young families starting out.
From 1 July 2018, older Australians will be provided with greater flexibility to contribute the proceeds of the sale of their home into superannuation, reducing a current disincentive to downsizing.
Read the Fact Sheet Here.
From 1 July 2017, the following key changes to the contribution rules now apply:
Self Managed Super Funds or SMSFs as they are known by, are often referred to as Do-It-Yourself funds. But it’s not that easy! In reality, you will need help to ensure you understand the complex superannuation rules and ensure your fund remains compliant.
It is with great pleasure that we announce that Emily Yip has joined us as a partner from 1 July 2017.
