To avoid additional costs (including the superannuation guarantee charge (SGC)), you must pay the right amount of super for all your eligible employees by the quarterly due date
Bad super funds are named and shamed by APRA’s heat map
The blowtorch has been applied to bad MySuper superannuation funds with the launch of a new colour coded heat map from the superannuation fund regulator, APRA. APRA’s heat map makes it easier for superannuation fund members to identify superannuation funds with high fees and chronically low investment returns. There are currently around 100 MySuper funds but it…
1 July 2019 super changes
Money Magazines, Susan Hely recently wrote about the new superannuation rules starting on 1 July 2019. She notes that the super changes, called Protecting Your Super, were set up to stop Australians’ super accounts from being eroded by insurance fees and premiums they don’t need. This is a great move for young people who were losing…