EmployersFIRST

Running your own show is a dream for many workers – and it doesn’t have to mean sacrificing that other great Australian dream of home ownership. Below are some tips from member privileges partner ME Bank.

Employers can rest assured there’s no need to update the rate of superannuation contributions this year. The Federal Government may have changed much for small businesses in the 2015 Budget, but the Superannuation Guarantee (SG) remains at 9.5 per cent.

Superannuation payments need not be filed in the too hard basket. First Super’s Clearing House helps put them into the can do tray.

There has been a lot of talk recently about cutting super tax concessions to the rich.

Laws making it unlawful for banks to offer business banking discounts and other incentives to employers in exchange for access to employees’ superannuation are not backed up by penalties, Industry Super Australia (ISA) advice suggests.

Timber Merchants Association (TMA) Executive Director, Eric Siegers says the TMA is keeping the timber industry strong by “confronting the realities of the current market”.

Employers with 20 or more employees are reminded they have less than three months to comply with new Superstream reporting obligations.

First Super’s Contact Centre will be closed from 22 December 2014 and will re-open on 5 January 2015. First Super wishes all employers a safe holiday and a happy New Year.