Unpaid superannuation

Discussion in 'Superannuation, SMSF & Personal Insurance' started by RoseRara, 30th Aug, 2021.

Join Australia's most dynamic and respected property investment community
Tags:
Page 2 of 2
  1. jrc

    jrc Well-Known Member

    Joined:
    20th Jun, 2015
    Posts:
    260
    Location:
    Regional NSW
    10% for wages paid on or after 1 July 2021
     
    jrc, 13th Sep, 2021
    #21
  2. Scott No Mates

    Scott No Mates Well-Known Member

    Joined:
    18th Jun, 2015
    Posts:
    27,247
    Location:
    Sydney or NSW or Australia
    It has always come out of your wages - the super contribution arose in lieu of pay rises back when Noah's grandson was a lil'tacker.

    That is why it is treated as 'your' money as it has come out of your wages.
     
    Scott No Mates, 13th Sep, 2021
    #22
  3. Paul@PAS

    Paul@PAS Tax, Accounting + SMSF + All things Property Tax Business Plus Member

    Joined:
    18th Jun, 2015
    Posts:
    23,530
    Location:
    Sydney
    1. Yes. Single Touch Payroll gives them real time data of what is due and then what is paid through the proper system updates as paid. A "notional debt" can occur although its not explicitly tracked it is used to show unpaid employee amounts. They are watching now......
    2. On 1st July 2021 it went to 10% as part of that process. So first quarter due 28 Ocober will be 10% minimum.
     
    Paul@PAS, 13th Sep, 2021
    #23
Page 2 of 2