Many employees are now able to choose the super fund or retirement savings account (RSA) that will receive their super contributions under the superannuation guarantee. This Australian Taxation Office page provides further information for employees.
How many superannuation statements did you receive this year? Do you find it hard to keep track of your super accounts? Consider combining your small accounts into a single fund.
The Small Business Superannuation Clearing House is a free online superannuation payments service that helps small businesses with 19 or less employees meet their superannuation guarantee obligations. Employers can register online and when it is time to make your superannuation contribution payments, this can be done in one transaction.
On 16 December 2010, the government responded to the recommendations made in the super system review. The Stronger Super package will introduce significant changes to the super system which will lead to efficiencies for members and funds.
The Australian Government assists eligible individuals to save for their retirement through the Super Co-contribution. If you are eligible and make personal super contributions, the Government will match your contribution with a Super Co-contribution up to certain limits.
The Review into the Governance, Efficiency, Structure and Operation of Australia's Superannuation System was announced on 29 May 2009. It is focused on achieving an outcome that is in the best interests of members and which maximises retirement incomes for Australians.
Knowing how to get the most out of your superannuation will help you save for your retirement and reduce stress. Includes links to information about how superannuation works, keeping your superannuation on target, consolidating superannuation funds, self-managed superannuation, retirement income planning and calculators and planners.
If you are a former temporary resident, you can claim super benefits you accumulated while working in Australia. To claim the Departing Australia superannuation payment (DASP) you must have visited on an eligible temporary resident visa (which has expired or been cancelled), and permanently departed Australia.
Australian Taxation Office homepage for superannuation. Contains key superannuation information such as reporting and lodgment dates and the Register of Complying Superannuation Funds. Resources and services include online services, calculators and superannuation law.
Australian Prudential Regulation Authority page listing superannuation funds and approved trustees and retirement savings account providers. It also provides access to information about legislation, type of funds, superannuation fund elections and benefits.
Do you have any lost superannuation? You can use the SuperSeeker tool to look for lost super in real time.
A business with employees or contractors has tax obligations and must make superannuation payments for eligible employees. This page links to information on determining the status of workers for tax purposes; fringe benefits tax (FBT); pay as you go (PAYG) withholding; pay-roll tax and superannuation.
Australian Taxation Office (ATO) page for young people, with links to information about tax returns, tax file numbers, payments and refunds, and superannuation.