Super guarantee (SG) contributions for the March quarter are due by 28 April. Remember, the ATO only consider an employee’s super contribution as ‘paid’ on the date it’s received by the super fund.
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Day: 21 April 2023
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Update: Tax on super balances above $3m
By Pat Mannix
In a very quick turnaround from announcement to draft legislation, Treasury has released the exposure draft legislation for consultation to enact the Government’s intention to impose a 30% tax on future superannuation fund earnings where the member’s total superannuation balance is above $3m.
