In good news for high earners who exceed their annual superannuation contribution cap, from 1 July (last year) the ATO will no longer slug you with a penalty. Although, you’ll still be required to pay the top up tax on your excessive contributions according to your marginal tax rate.
The Do One Thing (DOT) approach is a global campaign that aims to empower individuals to create change for the better by recognising small steps can have big impacts. DOT aims to make the world a better place – socially, culturally, economically and environmentally – by empowering individuals to take at least one action towards…
A report conducted earlier in the year for COTA Federation found one in four people over the age of 50 and still working don’t believe they would ever retire. The survey indicated that for some, it’s for love, as work provides a purpose, while for others it’s for money, because they can’t afford to retire.
In September 2018 the government extended an olive branch to employers in the form of a Super Guarantee Charge amnesty. At that time many business owners took the opportunity to bring late or unpaid employee super guarantee payments up to date. For businesses that may have fallen behind since (even unintentionally), it’s now a very…
