$450 super guarantee threshold removed
From 1 July 2022, the $450 threshold test will be removed and all employees aged 18 or over will need to be paid superannuation guarantee regardless of how much they earn.
It is important to ensure that your payroll system accommodates this change so you do not inadvertently underpay superannuation.
For employees under the age of 18, super guarantee is only paid if the employee works more than 30 hours per week.
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What is Division 296 and will it affect me?
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Client Spotlight: Congratulations Kim Dodson!
Client Spotlight: Congratulations Kim Dodson!
We’re thrilled to celebrate the incredible success of our client Kim Dodson, who recently won Muster Dogs – and now, the show has taken out a Logie Award!
We are here for you
We look forward to working with you to help you achieve a better financial future. Let us guide you on the path to financial success.
Contact your preferred Murray Nankivell office today.
