ATO Updates

The ATO releases new updates on Super Guarantee Payments and Salary Sacrifice for this year

Super Guarantee Payments Update For 2020

Update For Super Guarantee ATO’s new super guarantee requirements From 1 January 2020, if you make super contributions for your employees under an effective salary sacrifice arrangement: You must calculate your super guarantee obligation based on your employee’s ordinary time earnings base You cannot count salary sacrifice contributions towards the minimum amount of super guarantee …

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