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Payday super: a win for workers but burden for small business

Payday super: a win for workers but burden for small business
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Payday super: a win for workers but burden for small business

The government’s move to make wages and super payable simultaneously prompts mixed reactions from stakeholders. Payday super is a win for workers but a burden for small business say stakeholders in

How can the $3m super tax proposals be improved?

Indexing the $3 million threshold and using actual earnings to calculate tax are among suggestions from associations to the Treasury super concession consultation, described as a “tax grab” in its current form.

Objective will not achieve any real purpose: IFPA

The Institute of Financial Professionals Australia (IFPA) has bucked the trend, rejecting the proposal to legislate an objective of superannuation.

Legislating super objective pointless and open to abuse

The IFPA believes the existing sole purpose test better captures the core purpose of superannuation.

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