Superannuation Guarantee Charge Statement

Tax

Interaction of superannuation guarantee and additional payroll tax liability

Amanda Guruge, October 5 2021

The NSW State Revenue office has released a Commissioner’s Practice Note: CPN 021 on the application of payroll tax to employer superannuation contributions. The aim of the Commissioner’s Practice Note is to assist taxpayers in determining when superannuation payments are included in taxable wages calculations to determine payroll tax liability.

Tax

Budget 2022- SG changes

Bruce Collins, July 13 2021

Changes to superannuation guarantee obligations for employers – Budget 2021-2022 Announcement Compulsory superannuation payments as part of salary and wage remuneration help build superannuation balances to support individuals into retirement. Currently, not all employees are entitled to superannuation – including those receiving less than $450 per...