Superannuation requirements are different for New Zealand and Australia.
|
|
- Octavia Daniels
- 8 years ago
- Views:
Transcription
1 SUPERANNUATION Superannuation requirements are different for New Zealand and Australia. New Zealand see: Australia see: P A Y T Y P E S From the GlobalBake main menu select Payroll > Pay Types Pay Type Superannuation This allows superannuation to be included in the payslip. Specify a code and description. If your employee is paying into the scheme as a dollar amount, tick Employee Contribution is dollar; else the quantity is a percentage. The Pre tax box is also for employee contributions. Enter the employer contribution as a percentage and the tax rate if applicable. You must enter the required GL codes. The total on the payslip line is the quantity entered (unless it is for employee by percentage). In Australia to enter minimum super payments on a payslip, put the superannuation pay type code on a payslip with no quantity, unless the employee is paying extra super, in which case enter that as the quantity. GlobalBake checks on a pay by pay basis as to whether the employer contribution applies. It multiplies the employee pay up to see what a monthly pay would be and if a pay is under $450 per month, it doesn t do a contribution. To avoid the $450 you tick the no threshold box so it always contributes. PAGE 1
2 R E P O R T A B L E S U P E R % - A U S T R A L I A If there is a percentage figure entered in the Reportable Super % field on the pay type, this will report through on the PAYG Payment Summaries which an employee receives at the end of the financial year. This field should be left blank, unless you have a salary sacrifice arrangement with your employee. NOTE: The ATO does not require the employer s compulsory superannuation contribution to be shown as reportable super on the PAYG Payment Summary. P A Y S L I P S T A N D I N G L I N E From the GlobalBake main menu select Payroll > Employees. Display an employee and click on the Stnd tab. Add the appropriate superannuation paytype as a standing line on the payslip. The following example is a New Zealand employee contributing 3% to the superannuation scheme. PAGE 2
3 The paytype for the above example shows it is a NZ Approved Scheme, where the Employer Contribution is 3% and the Employer Tax is using the Employee Tax rate. If you are using the Progressive Rate Table as below, ensure that Use Employee Tax is unticked and enter the Tax Rate into the box Employer Tax %. The threshold amount is the employees last years (or estimated) income plus the superannuation contribution from the employer. ESCT rate Threshold Amount Tax Rate $0-$ % $ $ % $ % $ % PAGE 3
4 The following example shows an Australian employee s standing line. The quantity is zero as the employer s superannuation contribution is calculated as 9.25% of the employee s gross. GlobalBake checks on a pay by pay basis as to whether the employer contribution applies. It multiplies the employee pay up to see what a monthly pay would be and if a pay is under $450 per month An Australian example paytype where the Employer Contribution is 9.25%. Note: Legislation may require employer contribution rates to change. For salary or wage payments made on or after 1 July 2014, the new minimum SG contributions rate of 9.50% will need to be applied. Currently, you must pay a minimum of 9.50% of each eligible employee's ordinary time earning each quarter in super. The Australian Government has announced the rate will remain at 9.50% until 30 June 2018 and then increase by 0.5 percentage points each year until it reaches 12%. PAGE 4
5 On the payslip, a column could be inserted to see the Employer s Super S U P E R A N N U A T I O N R E P O R T The Superannuation Report from the Payroll menu will list all contributions from employers and employees for each fund for a given date range. From GlobalBake main menu Payroll, click on Superannuation Report. Select a date range and tick any other options that may be required. PAGE 5
6 I R F I L E Superannuation is paid to the NZ IRD via the Employer Monthly Schedule. This information will print on the IR File report and will add the appropriate columns to the electronic copy of the file. A U S T R A L I A N S U P E R S T R E A M For information on setting up superannuation paytypes and reporting in conjunction with Superstream, please see these notes: O T H E R N O T E S : PAGE 6
HOW TO SET UP PAYROLL
HOW TO SET UP PAYROLL D I R E C T T R A N S F E R S T O B A N K If you wish to make transfers directly to your bank, in Company Details > Constants Tab, select your bank and on the Other Tab enter your
More informationPayBiz Student Loan / HECS Pay Type
PayBiz Student Loan / HECS Pay Type 10/06/2015 Contents NZ: Student Loan Pay Type... 2 SLCIR Compulsory Extra Deductions... 3 SLBOR Voluntary Extra Deductions... 5 SLBOR Contribution by Percent... 6 SDR
More informationSuperannuation (Australia)
Superannuation (Australia) This guide is for SmoothPay Payroll users paying staff in Australia (most other regions are much simpler and the superannuation options are preset and/or self-evident). This
More informationMYOB EXO BUSINESS WHITE PAPER
MYOB EXO BUSINESS WHITE PAPER MYOB EXO Payroll Integration with MYOB EXO Business EXO BUSINESS MYOB ENTERPRISE SOLUTIONS Table of Contents Table of Contents 2 Installation 3 Minimum Requirements 3 Installing
More informationSuperannuation. your obligation as an employer
Superannuation your obligation as an employer By Chris Campbell September 2014 Overview Superannuation is a significant cost of employing staff. This expense should be factored into your business plan
More informationPayroll Control Files User Guide
Payroll Control Files User Guide Created in version 2009.4.0.117 1/16 Table of Contents Payroll Control Files... 2 System... 3 Pay Codes... 5 Overview... 5 Pay Type... 6 Location on Pay Summary... 7 Criteria...
More informationHow To Setup & Use Insight Salon & Spa Software Payroll - Australia
How To Setup & Use Insight Salon & Spa Software Payroll - Australia Introduction The Insight Salon & Spa Software Payroll system is one of the most powerful sections of Insight. It can save you a lot of
More informationPayroll End of Month User Guide
Payroll End of Month User Guide Created in version 2009.4.0.117 1/13 Table of Contents Prerequisite... Error! Bookmark not defined. Payroll End of Month... 3 New Zealand IRD... 4 Aus End of Year... 5 End
More informationSaving with SSRSS and KiwiSaver
Saving with SSRSS and This information is based on legislation current at 1 April 2013. Save with SSRSS Effective 1 October 2008 the SSRSS stopped accepting applications for membership. The SSRSS schemes
More informationINSURANCE Training Guide
INSURANCE Training Guide Group Insurance premium calculator May 2015 Training Guide Group Insurance premium calculator Before you are able to use the Group Insurance premium calculator you must have: 1.
More informationTaxation of lump sums
MB09 04/12 Taxation of lump sums What you need to know Under current tax law both, your Employer and Member Benefits may be subject to tax if withdrawn as either a rollover or cash lump sum. The only exception
More informationEmployer Obligations
Employer Obligations Superannuation The information contained in this booklet is a brief summary of superannuation and the issues that arise regarding it from an employer s perspective. For more detailed
More informationContributing to your super
SUP E R ANNUATION Contributing to your super GESB Super and West State Super ISSUE DATE: 1 July 2015 PREPARATION DATE: 26 June 2015 Government Employees Superannuation Board ABN 43 418 292 917 Contents
More informationKiwiSaver employer guide
KS 4 MAY 2015 KiwiSaver employer guide What employers need to know about KiwiSaver WHAT IS KIWISAVER? KiwiSaver is a voluntary, work-based savings initiative designed to make regular saving for retirement
More informationstc factsheet 13 information about the commonwealth
information about the commonwealth government s superannuation co-contribution and the low income superannuation contribution This fact sheet provides an overview of the Commonwealth Government s superannuation
More informationQuickBooks Online Payroll Getting Started Guide. January 2016 Powered by
QuickBooks Online Payroll Getting Started Guide January 2016 Powered by Table of Contents Payroll Settings... 2 Business Settings... 3 ABA settings... 3 ATO Supplier settings... 7 Pay Slips... 9 Chart
More informationMYOB EXO BUSINESS QUICK GUIDE. Taxable Payments for the Building & Construction Industries EXO BUSINESS M YOB EN TER PR IS E S O LU T IONS
MYOB EXO BUSINESS QUICK GUIDE Taxable Payments for the Building & Construction Industries EXO BUSINESS M YOB EN TER PR IS E S O LU T IONS Contents 1 Introduction... 3 2 From the ATO... 3 2.1 Who needs
More informationFinancial Services with a Personal Touch
Financial Services with a Personal Touch CONCESSIONAL CONTRIBUTIONS CAP Concessional contributions include: employer contributions (including contributions made under a salary sacrifice arrangement) personal
More informationThe sooner you start thinking about growing your super, the better. But it s never too late.
> Get calculating! If you d like to see the effect that personal contributions may have on your final entitlement, access the Super SA Benefit Projector on the Super SA website www.supersa.sa.gov.au. The
More informationPayroll Generation Quick Tip
Payroll Generation Quick Tip 1/20 This manual does not replace the Payroll Manual and is intended to be used once the payroll is set up and being processed. For setting up Payroll or if you need further
More informationContributions are taxed differently depending on whether you are making contributions to a taxed or untaxed fund.
Tax and super Issue Date: 1 July 2015 SUP E R ANNUATION The information in this document forms part of the Product Information Booklets for GESB Super and West State Super, each dated 1 July 2015. You
More informationUnderstanding Your Superannuation Obligations... 4. Setting up Super in MYOB... 6. Paying Superannuation... 9
Managing Employee Superannuation using MYOB software... 2 Understanding Your Superannuation Obligations... 4 How does it all work?... 4 What about the increase in super from 1st July 2013?.... 5 Do I need
More informationSupport for both Salaried (employee paid a base salary) and Waged (employee paid based on the hours they work). Pay Frequency
NetSuite Australian Payroll (ICS Payroll) Feature list Pay Run Pay Type Support for both Salaried (employee paid a base salary) and Waged (employee paid based on the hours they work). Pay Frequency Manage
More informationAustralian Superannuation Transfer Guide
Australian Superannuation Transfer Guide Contents Page Making an informed decision 3 How do I know if I have Super in Australia? 3 How do I know if my Australian Super can be transferred? 4 Why should
More informationMYOB EXO EMPLOYER SERVICES Australian Edition 2013.05
MYOB EXO EMPLOYER SERVICES Australian Edition 2013.05 Release Notes EXO EMPLOYER SERVICES M YO B ENT ERPRI S E S O L U T I O N S Important Notices This material is copyright. It is intended only for MYOB
More informationSALARY PACKAGING SUPERANNUATION GUIDE TO EMPLOYEES
SALARY PACKAGING SUPERANNUATION GUIDE TO EMPLOYEES Superannuation Introducing Salary Packaging Salary packaging has been made available to all staff of the University through the Enterprise Agreement process.
More informationCLIENT FACT SHEET. If you are under age 65 you may make personal contributions to superannuation on your own behalf.
CLIENT FACT SHEET July 2010 Understanding superannuation and superannuation contributions Superannuation is an investment vehicle designed to assist Australians in saving for their retirement. The Government
More informationFrequently asked questions
CHOICE OF SUPER Frequently asked questions 1 Content Choice 3 Standard Choice form 4 Employer default fund 5 Employer s obligations 5 Voluntary Superannuation Contributions 7 Former employees 8 Understanding
More informationPay as you go withholding
Introduction for employers Pay as you go withholding What you need to know Our commitment to you We are committed to providing you with accurate, consistent and clear information to help you understand
More informationNORTHERN TERRITORY OF AUSTRALIA ADMINISTRATIVE INSTRUCTIONS UNDER SUPERANNUATION GUARANTEE (SAFETY NET) ACT
NORTHERN TERRITORY OF AUSTRALIA ADMINISTRATIVE INSTRUCTIONS UNDER SUPERANNUATION GUARANTEE (SAFETY NET) ACT Consolidated Working Document Prepared by the Northern Territory Superannuation Office As in
More informationIntroduction for super members. Super co-contribution Saving now for your future
Introduction for super members Super co-contribution Saving now for your future The super co-contribution is an Australian Government initiative to help eligible individuals save for their future. 2 SUPER
More informationManaged Services Payforce. EOFY16 Client Requirements Document
EOFY16 Client Requirements Date: 20/04/2016 Table of Contents Table of Contents... 1 Confidentiality... 1 EOFY Key Dates... 2 ATO AddServ EOFY Parameters... 3 Payment Summary Print Detail Options... 7
More informationA step by step approach to Establish and Maintain a Payroll System using MYOB AccountRight Plus v19.8
A step by step approach to Establish and Maintain a Payroll System using MYOB AccountRight Plus v19.8 Software Publications Pty Ltd, 2013 No part of this material may be reproduced or copied in any form
More information2.4 GST and Tax Invoices. 2.4.1 Introduction to the GST
2.4 GST and Tax Invoices 2.4.1 Introduction to the GST The Goods and Services Tax (GST) commenced in Australia on 1 July 2000. The principle Act governing the operation of the GST is the Goods and Services
More informationUnderstanding tax Version 5.0
Understanding tax Version 5.0 This document provides some additional information to help you understand the financial planning concepts discussed in the SOA in relation to tax. This document has been published
More informationIssued September 2015. Salary Sacrifice. Salary Sacrifice. Grow your super. and pay less tax
Issued 12 Salary December 10 Sacrifice Salary Sacrifice Issued September 2015 Grow your super and pay less tax What is salary sacrifice? Salary sacrifice is an arrangement with your employer to pay part
More information...- CIRCULAR TO DEPARTMENTS AND AUTHORITIES NO. 11 OF 2005 ' GUIDELINES FOR SALARY PACKAGING IN THE WA PUBLIC SECTOR 2005
Department of Consumer and Employment Protection Government of Western Australia P \ _.:.) I [''''- - '4 \\ 3 C WIll "~'';' 02 DEC 2~:5 ORGANISATIONAL DEVELOPMENT ucv'isiun NUMBER:.4-'35 Our Ref: Enquiries:
More informationTax table for back payments, commissions, bonuses and similar payments
Schedule 30 Pay as you go (PAYG) withholding NAT 3348 Tax table for back payments, commissions, bonuses and similar payments Including lump sum payments in arrears. FOR PAYMENTS MADE ON OR AFTER 1 JULY
More informationEmployer guide for reportable employer superannuation contributions
Page 1 of 15 Employer guide for reportable employer superannuation contributions In the 2010-11 Federal Budget the government announced future changes to super. These changes, if passed by parliament,
More informationSuper taxes, caps, payments, thresholds and rebates
Fact Sheet Super taxes, caps, payments, thresholds and rebates This fact sheet provides a useful one-stop reference guide to the tax rates, caps, thresholds and rebates that apply or are related to superannuation
More informationThis Information Sheet has been prepared for Senior Executive members in the Defined Benefit Section who are under age 65.
HOLDEN EMPLOYEES SUPERANNUATION FUND INFORMATION SHEET SUPERANNUATION GUARANTEE MINIMUM BENEFIT February 2009 This Information Sheet has been prepared for Senior Executive members in the Defined Benefit
More informationGlobal Payroll Association Presents. Australia
Global Payroll Association Presents Australia 12 Global Payroll Association Presents A brief country overview: Australia A Brief Country Overview and Payroll Highlights Australia is the world s sixth largest
More informationWhat does it mean? Payroll is the process and systems that businesses have in place to pay wages and salaries to directors and employees.
Payroll Procedures Payroll is the amount of salary, wages, bonuses and deductions paid to employees. 3.1.1 Payroll What does it mean? Payroll is the process and systems that businesses have in place to
More informationUnderstanding Employee Entitlements using MYOB software
Understanding Employee Entitlements using MYOB software copyright Veechi Curtis www.veechicurtis.com.au Veechi Curtis Understanding Employee Entitlements using MYOB software 1 Table of Contents UNDERSTANDING
More informationUser Guide. 2012-2015 Intellitron Pty Ltd
User Guide 2012-2015 Intellitron Pty Ltd 2 Table of Contents Foreword 0 Part I Welcome to 6 Part II Getting Started 8 1 Add... New Company 8 2 Entering... Company Details 10 3 Editing... Pay Dates 11 4
More informationSuper and Tax Advantages for the Self Employed
YOUR SUPER Freelancers, the self-employed & super. If you are self-employed or a freelance or contract worker Media Super can help you understand your super and tax options, and what you can do to maximise
More informationHelpful information to better help you use and get the most from your eprophet Administration system.
Helpful information to better help you use and get the most from your eprophet Administration system. Tips Sheet #8 (Payroll) Handling Government Funded Paid Parental Leave in eprophet Payroll Commencing
More informationInternational Payroll Services
International Payroll Services The ability to manage a global workforce and comply with the localised regulations and requirements are paramount for any expanding business. Easy Payroll can provide a seamless
More informationUnderstanding wages, allowances and awards
2 Understanding wages, allowances and awards This chapter is all about the wages that you pay your employees. For some businesses, paying wages is a simple proposition: you discuss with the employee their
More informationCENTRAL SUSQUEHANNA INTERMEDIATE UNIT Application: Personnel. Step By Step Instructions for: How to Set Up the Fringe Benefits Directory
CENTRAL SUSQUEHANNA INTERMEDIATE UNIT Application: Personnel Step By Step Instructions for: How to Set Up the Fringe Benefits Directory 2009 Central Susquehanna Intermediate Unit, USA Table of Contents
More informationSuperStream - Webinar. Information session for employers
SuperStream - Webinar Information session for employers Presented by SuperStream Project Team Australian Taxation Office 9 September 2015 How to participate today UNCLASSIFIED SuperStream Information for
More informationProtecting Workers Entitlements Package
Protecting Workers Entitlements Package OVERVIEW The Gillard Labor Government s Protecting Workers Entitlements package will provide the strongest protection of employee entitlements Australian workers
More informationWhat should I think about in making up my mind, whether I should transfer my Aussie Super to New Zealand?
Australian super Choose SuperLife for your KiwiSaver scheme If you have a balance in an Australian superannuation scheme 1, you may transfer it to your KiwiSaver Account under SuperLife. I have a super
More informationProduct Disclosure Statement
AMP Retirement Savings Account Product Disclosure Statement Contents 1. About AMP Retirement Savings Account 2. How super works 3. Benefits of investing with AMP Retirement Savings Account 4. Risks of
More informationSALARY SACRIFICING Voluntary Superannuation Contribution (VSC)
Page 1 NATIONAL PAYROLL OFFICE SALARY SACRIFICING Voluntary Superannuation Contribution (VSC) Created by Finance QMS_Salary Sacrificing Voluntary Super Contribution Initial date: 1 June 2012 Reviewed:
More informationNew Zealand s long-term care arrangements, and a cross-country comparison
New Zealand s long-term care arrangements, and a cross-country comparison From RPRC s Working Paper 2012-2: Financing of Long-term Care and Long-term Care Insurance for the Aged: A Comparison of Seven
More informationUnderstanding Tax Version 1.0 Preparation Date: 1st July 2013
Understanding Tax Version 1.0 Preparation Date: 1st July 2013 This document provides some additional information to help you understand the financial planning concepts discussed in the SOA in relation
More informationStatement of formulas for calculating amounts to be withheld
Schedule Pay as you go (PAYG) withholding NAT 00 Statement of formulas for calculating amounts to be withheld For payments made on or after July 0 This document is a withholding schedule made by the Commissioner
More informationUnderstanding Superannuation
Understanding Superannuation Client Fact Sheet July 2012 Superannuation is an investment vehicle designed to assist Australians save for retirement. The Federal Government encourages saving through superannuation
More informationTermination Pays. Terminations... 2
Termination Pays Table of Contents Terminations... 2 Types of Terminations... 2 Notice Period of Termination... 2 Redundancy Weeks to pay... 3 What s included in a Termination?... 3 Employment Termination
More informationOriginating Author: Revised by: ISBN 978-1-921780-05-9 4th Edition Revised June 2011. BSBFIA302A Process Payroll BSBADM308A Process Payroll
A Step by Step Approach to Processing Payroll using MYOB AccountRight Plus v19 Copyright Notice: Copyright 2011 Software Publications Pty Ltd. All rights reserved. No part of this material may be reproduced
More informationSuperannuation contributions : who can contribute and when?
Superannuation contributions : who can contribute and when? The Regulations to the Superannuation Industry (Supervision) Act (1993) set out detailed rules governing who can contribute to superannuation
More informationCORPORATE NEWSLETTER
CORPORATE NEWSLETTER Summer 2014 Page 2 Corporate Newsletter - Summer 2014 CORPORATE NEWSLETTER - SUMMER 2014 Dear Reader, Welcome to our quarterly newsletter which will provide updates and reminders of
More informationSUMMARY OF RATES AND THRESHOLDS 2015/16
SUMMARY OF RATES AND THRESHOLDS 2015/16 CONTENTS Superannuation rates and thresholds Concessional contributions Non-concessional contributions Capital Gains Tax (CGT) cap amount Untaxed plan cap amount
More informationSuper terms explained
Super terms explained Here is a useful reference guide to some of the terms we use with Super. The guide provides plain English information about Super, but does not give formal legal definitions. For
More informationHow To Use Transact Online Pension Fund Online
IOOF Transact User guide Table of Contents What is Transact? 3 Navigating Transact 3 Employee maintenance 6 Member data remediation 12 Remediating the data 14 Contributions 18 General functions & notifications
More informationIFSA Guidance Note No. 21.00
IFSA Guidance Note No. 21.00 Calculators Best Practice Guidance April 2007 Main features of this Guidance Note are: Highlight the importance of calculators in assisting users to make informed financial
More informationApril 2015 IN THIS ISSUE
April 2015 IN THIS ISSUE Medicare Levy Surcharge and Private Health Insurance Rebate Net Medical Expenses Tax Offset Superannuation guarantee rate Super contributions caps Changes to superannuation excess
More informationEasier. Smarter. Faster.
Easier. Smarter. Faster. Every step of the way Who we are Easy Payroll provides a complete outsourced payroll solution that allows you to focus on your business. Since 2000 we ve been helping make payroll
More informationHR Online UC Guide for all staff
Home HR Online UC Guide for all staff Use the navigation buttons to move through this course Introduct ion Introduction HR Online UC Guide for all staff HR Online is the portal we use to view and manage
More informationSuperannuation Surcharge Guide. Issued: December 2013
Superannuation Surcharge Guide Issued: December 2013 Contents Introduction... 3 Surcharge process... 4 What are my options?... 5 Need more information?... 7 Contact Centres 70 Eagle Street Brisbane 63
More informationSignatureSuper Member Guide Fact Sheet
SignatureSuper Member Guide Fact Sheet Issued 30 June 2014 AMP Corporate Super The information in this Fact Sheet forms part of the SignatureSuper Product Disclosure Statement dated 1 January 2014 for
More informationAttaché Sprint Training Key Client Learnings
Attaché Sprint Training Key Client Learnings Attendee Response Report August 2015 1 Publication Number Publication Date Product Version A001418 August 2015 Sprint Training Attaché Software Australia Pty
More informationEarnie. Pension and OpenEnrol FAQ. Software Support - 01594 545022
Earnie Pension and OpenEnrol FA 1 Contents Worker Status... 4 What is the definition of a worker?... 4 What s the difference between a worker and an employee?... 4 Who do I need to automatically enrol?...
More informationTelstra Super Personal Plus
01/ 17 NOVEMBER 2015 PRODUCT DISCLOSURE STATEMENT Telstra Super Personal Plus Making the most of your future Contents 01 About Telstra Super and Telstra Super Personal Plus 02 02 How super works 02 03
More informationProduct Disclosure Statement
AMP Retirement Savings Account Product Disclosure Statement Contents 1. About AMP Retirement Savings Account 2. How super works 3. Benefits of investing with AMP Retirement Savings Account 4. Risks of
More informationProgrammed Employee Share Acquisition Plan (PESAP)
Programmed Employee Share Acquisition Plan (PESAP) Programmed Employee Share Acquisition Plan ( PESAP ) Key Dates Offer commences Wednesday 1 June 2016 Initial offer close date Monday 20 June 2016 Contributions
More information2015 rates and thresholds guide
Client Information Newsletter - Tax & Super 2015 rates and thresholds guide October 2015 Table of Contents Individual tax rates for residents... 2 Individual tax rates for non-residents.... 2 2014-15 resident
More informationNOVEMBER 2014. Superannuation guide for employers
NOVEMBER 2014 Superannuation guide for employers Overview A constant stream of legislation has been introduced over the past decade to enhance the choice, efficiency and governance of the Australian superannuation
More informationCHOICE OF SUPER. Choice of Super. It s my choice! It s my super. It s my future. A guide for Western Australian State Government employers
CHOICE OF SUPER Choice of Super A guide for Western Australian State Government employers 1 2 CHOICE OF SUPER Content About choice 4 What choice means for WA State Government 5 employees Employer nominated
More informationHow MSI Payroll posts to the General Ledger Version 6.0
How MSI Payroll posts to the General Ledger Version 6.0 User s Guide Municipal Software, Inc. 1850 W. Winchester Road, Ste 209 Libertyville, IL 60048 Phone: (847) 362-2803 Fax: (847) 362-3347 Contents
More informationEmployerUpdate. Want to win. What s inside. Welcome to the June edition of the Employer Update.
EmployerUpdate June 2013 What s inside Welcome to the June edition of the Employer Update. > Do the super reforms impact employers? > About MySuper > What s up with SuperStream? > Snapshot of key SuperStream
More informationPAYROLL BPP - PA30. Change Record:
8.29.12.11.11 Transactions - PAYROLL BPP MAINTAIN BANK DETAILS INFORMATION (IT0009) Change Record: Change Date: 8.29.12 Changes: Changed by: s.crittenden Business Process Overview: Deleted the following
More informationIs Super always the best option?
Is Super always the best option? Aaron Bruhn, Ruchen Han, Tim Higgins NOTE: This is work is preliminary and the contents and results may change in future drafts Australian National University This presentation
More informationHow super works. MySuper. Member Booklet Supplement. 1 July 2015
Member Booklet Supplement How super works July 205 The information in this document forms part of the First State Super Member Booklets (Product Disclosure Statements) for: Employer Sponsored members dated
More informationTAX TUTOR INSIDE IS YOUR TAX GUIDE FOR 2013-2014
TAX TUTOR INSIDE IS YOUR TAX GUIDE FOR 2013-2014 PERSONAL TAX PERSONAL INCOME TAX RATES 2013-2014 & 2012-2013 Taxable Income $0 - $18,200 Nil Tax Payable $18,201 - $37,000 19% of excess over $18,200 $37,001
More informationDOING BUSINESS IN AUSTRALIA
DOING BUSINESS IN AUSTRALIA DEMOGRAPHICS The population of Australia is approximately 22 million. There are six states and two territories. The capital city is Canberra which is located in the Australian
More informationWestpac Personal Superannuation Fund.
Westpac Personal Superannuation Fund. Annual Report for the year ended 30 June 1 Features at a glance. 2 Investment Overview. 4 Investment Options. 5 Investment Option profiles. 10 Performance. 12 Fees
More informationTECHNICAL NOTE TRANSFERRING US 401K AND IRA ACCOUNTS TO AUSTRALIA
NetActuary.com.au Retirement Solutions Actuaries TECHNICAL NOTE TRANSFERRING US 401K AND IRA ACCOUNTS TO AUSTRALIA ITEM 1. Introduction and Overview 2. US Fund Withdrawals 3. Types of US Retirement Funds
More informationEmployer s guide Information to help you with your responsibilities as an employer
IR 335 April 2015 Employer s guide Information to help you with your responsibilities as an employer www.ird.govt.nz 1 Introduction If you have anyone working for you, it s your responsibility to deduct
More informationCompleting your Superannuation guarantee charge statement quarterly
Instructions and form for employers Completing your Superannuation guarantee charge statement quarterly This statement is to be used for quarters starting on or after 1 July 2003. To obtain additional
More informationSuperannuation Salary Packaging
Superannuation Salary Packaging Providing options on how to use your money Remuneration Services (Qld) Pty Ltd ABN 46 093 173 089 Authorised Representative (No. 293159) of McMillan Shakespeare Limited
More informationApril update focusses on matters affecting individuals
April update focusses on matters affecting individuals UPDATE SNAPSHOT Medicare Levy Surcharge and Private Health Insurance Rebate Net Medical Expenses Tax Offset Superannuation guarantee rate Super contributions
More informationEnd of Year Superannuation Fund Circular To all Super Fund Trustees
21 June 2013 End of Year Superannuation Fund Circular To all Super Fund Trustees Maximise year end opportunities and minimise risks The end of the financial year will be here before you know it. In this
More informationLump Sum My Retirement
Lump Sum My Retirement General advice warning The schemes administered by Super SA are exempt public sector schemes and therefore we are not required to hold an Australian Financial Services licence to
More informationIncome protection claims
PSSap14 04/12 Income protection claims Who should read this? Members with income protection cover who have not worked for an extended period of time due to injury or sickness and wish to claim for income
More informationGUIDANCE NOTE ON THE CALCULATION OF REIMBURSABLE AMOUNTS AND ELIGIBLE WAGES FOR THE PURPOSE OF CALCULATING LONG SERVICE LEAVE LEVY
GUIDANCE NOTE ON THE CALCULATION OF REIMBURSABLE AMOUNTS AND ELIGIBLE WAGES FOR THE PURPOSE OF CALCULATING LONG SERVICE LEAVE LEVY THE PURPOSE AND NATURE OF THIS GUIDANCE NOTE This Guidance Note is provided
More informationHow to complete the PAYG payment summary individual non-business form
Instructions for PAYG withholding payers How to complete the PAYG payment summary individual non-business form Use these instructions when completing a PAYG payment summary individual non-business (NAT
More informationwith KiwiSaver for Dummies Page 1 of 19 Buying a first (or second chance) home with KiwiSaver Version 2.3 Produced by Workplace Savings NZ
Buying a home with KiwiSaver for Dummies Page 1 of 19 Buying a home with KiwiSaver KiwiSaver offers two features to help you into home ownership: KiwiSaver home deposit subsidy KiwiSaver home purchase
More information