Superannuation

What is SuperStream?

SuperStream is compulsory for all employers from 01 July 2016.  That’s only 4 months away!

We recommend that employers become SuperStream ready sooner rather than later.  With the next quarterly payment due on 28 April 2016, now is a great time to get your systems set up, check they work for the next payment, so you can see the deadline come and go worry free.

SuperStream is a system where super contributions for employees are transmitted electronically (either EFT or BPay) and associated data is also sent electronically. Read more →

As the end of the year is fast approaching, now is the time for Trustees to ensure their SMSF is in order.

There are a few critical areas  SMSF Trustees should look at and here is an end of financial year check list to help:

1. Investment Strategy: SMSF’s are required to have an investment strategy to reflect the purpose and intentions of the trustees.  This should be reviewed and updated on a regular basis.  This will ensure any changes in circumstances are taken into consideration when undertaking investment decisions.  It will also prompt trustees to consider the need for insurances within the fund. Read more →