superstream

SuperStream and SMSF

SuperStream And SMSF Rollovers

SuperStream Standard Self-managed super funds (SMSFs) must be able to receive employer contributions and the associated data electronically using the SuperStream standard. From 1 October 2021, you can only rollover into or out of your SMSF using SuperStream. Also, certain release authorities may be processed in SuperStream SuperStream requires employers to pay superannuation and send …

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How ready is your business for SuperStream? Is you SMSF bank account able to receive electronic contribution payments? - image

SuperStream – How Ready Are You?

What is SuperStream? To reduce the amount of time, effort and cost of the Superannuation system, the Government established SuperStream, a new system that allows employers to make electronic superannuation contributions for their employees. Employers that have 19 or fewer employees will begin making contributions starting 1 July, 2015 and are given 12 months to make the …

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How ready is your business for SuperStream? Is you SMSF bank account able to receive electronic contribution payments? - image

SuperStream Delay – Will You Be ready?

What is SuperStream? SuperStream is a government reform designed to improve the efficiency of the superannuation system. Under SuperStream, employers must make super contributions on behalf of their employees by submitting information and payments electronically in a consistent and simplified manner. To do this successfully they may need to gather additional information from their employees. …

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