#superannuation advice Australia

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Best Superannuation Advice in Australia | James Hayes

For the best superannuation advice Australia, look no further than James Hayes. With a deep understanding of the complex superannuation landscape, James offers tailored strategies to help you maximize your retirement savings. His expert guidance ensures you navigate regulations effectively, making informed decisions that align with your financial goals. Trust James Hayes to secure your financial future through effective superannuation planning.

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Expert advice on income protection insurance in Australia

Get expert advice on income protection insurance in Australia with Australia Wide Wealth Services. Our advisors help you select the right policy to protect your family’s income and ensure financial stability. We offer tailored insurance solutions to meet your specific needs, providing peace of mind in uncertain times. Protect your family today with our trusted insurance advice. Visit Australia Wide Wealth to learn more.

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Superannuation Advice Australia

Superannuation Advice Australia can provide you with advice on mortgage payments, retirement savings and insurance. It can also help you consolidate your super and choose a suitable investment option. It can also help you understand the risk return trade off.

Major life changes such as birth or death of a partner, buying or selling property, changing jobs and receiving financial windfalls are all important times to get good advice about your superannuation.

Choosing a super fund

Choosing a super fund is a big decision that can impact not only your superannuation advice Australia savings but also how those funds will be used to achieve your future goals. Whether you’re selecting an existing fund, the default option, or a self-managed super (SMSF) account it’s important to consider fees, performance, and the insurance offered by your chosen fund.

It’s also a good idea to compare super funds and their historical performance. This means looking at the return on investment for each fund – which is usually expressed as a percentage - and ensuring you’re comparing net benefits. This includes all administration fees, member fees, and investment fees.

It’s a good idea to review your options regularly and consider switching funds if it’s financially beneficial. This is especially true if you’re changing employment or are in a stapled super fund.

Consolidating your super

Superannuation is Australia’s system for saving money for retirement. Employers pay a percentage of each worker’s salary into their super fund, and the money is invested until they retire.

You can also add to your super by'salary sacrificing' some of your pre-tax income, or by contributing from your after-tax income. There are limits (called 'caps') on how much you can contribute each year. You can also access your super before retirement but it’s important to get advice and meet the rules.

Industry superannuation funds got a better report card from the Royal Commission into banking and financial services and often have lower fees than retail funds. Some offer choice of insurance offerings that can be tailored to your particular circumstances. Other funds, such as SMSFs (Self Managed Super Funds) allow more control over investment choices but they are time consuming to set up and manage. They are best suited to people with large balances. The government's MySuper product is a simple and cost-effective balanced option for the majority of Australians.

Investing in your super

When it comes to retirement, your super is one of the biggest assets you own. It’s important to take care of it well. This includes knowing how much you’re paying in fees and if you have insurance in your fund. It’s also worth checking that your investments are aligned with your goals and that you are on track to meet your retirement savings target.

The government offers a series of tax breaks to encourage people to save in super. These include a low rate of tax on contributions, and the ability to salary sacrifice some of your pre-tax income into super.

The main job of a good super fund is to invest the money you contribute to your retirement savings. This will earn you returns and grow your balance over the long term. The result is a higher income in retirement and a better chance of living comfortably. The best way to measure your super fund’s performance is by looking at its net benefit. This takes into account all the benefits of your super including strong returns, a growing balance, and insurance.

Insurance in your super

Many super funds offer life, total and permanent superannuation australia (TPD) and income protection insurance to their members. It’s important to consider your personal needs when deciding whether or not you need to take out insurance in your super.

Insurance through super can be a convenient and cost effective option. It’s generally a lot cheaper than buying personal cover outside of super, and premiums are deducted from your super account rather than your take home pay, which may reduce your cash flow pressure.

However, it’s important to review your insurance regularly. You should also check whether your current premiums are appropriate for your circumstances. You can do this by checking the insurance PDS and any other documents outlining your policy on your fund’s website. It’s worth checking whether you have any exclusions and if you’re paying a loading (a percentage increase in premium) for your risk. It’s also important to consider whether or not your death benefit nominations are up to date.

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Securing Your Financial Future: Expert Financial Planning Advice for Individuals and Businesses

Financial planning is quintessential in every individual’s life as it helps in planning for not only long-term financial goals but also short-term financial goals as well as emergencies. Financial advice is required for not just those who have had a family but also for young professionals and retired individuals to plan for their future in a better way. Financial advisors and accredited mortgage consultants help one to plan for their future so that all the light goals are taken care of.

Superannuation advice in Australia is offered by professionals who have years of experience and can create an effective strategy for finances with a proper tax plan. Personalised retirement planning takes into account many different factors like money needed after requirements, property plans, etc. Financial advice is something that not just individuals but also businesses and families need for a better future.

Financial Advice for Businesses, Individuals and Families at a Glance

Financial advisors help people to invest, do budget plans and other things for individuals and for businesses, professionals can help to analyse the financial data to show what steps are necessary for achieving better business output. Everybody loves to own their own home but it requires significant investment and also due diligence to ensure that the investment yields good results. Professionals can search for the best home loan for those who are purchasing a new home as per their requirements. Some people even look to refinance their old own and professionals can do that which can lead to outcomes like reduced interest rates, lower monthly payments, etc as per the individual’s requirements.

Many people also like to invest in property but it can be a disastrous move if not done with the advice of professionals. Professionals use financial modelling to analyse the situation and then recommend the financial impact of investing in property and how to do it.

If one is planning for financial investments, mortgages, estate planning, insurance, etc then one should contact and speak with financial advisors for relevant advice.

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Manage Your Super with Self Managed Super Fund Australia

If you want to manage your Super Fund then Virtu Super is the best place for you. Virtu Super offers Self Managed Super Fund Australia service. Our experts have deep knowledge in the finance sector and they manage your super fund easily.

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Family Solicitors Can Help With Divorce, Separation and Property Settlement

Family solicitors help with legal aspects of family relationship issues like divorce, separation, child custody and property settlement. They can also help with legal processes related to adoption and surrogacy as well as resolving family violence matters.

Family law in Australia encourages alternative dispute resolution methods such as negotiation and mediation to avoid going to court. However, there are instances when court involvement is required.

Divorce

Divorce is a formal Family solicitors Sydney dissolution of marriage and can have significant effects on your property settlement and child custody arrangements. It can also affect how much spousal support you’re entitled to. If you’re thinking about divorce, it’s important to seek legal advice before taking any action.

You may be able to reach an agreement with your partner about property division and parenting arrangements without obtaining a divorce. If you’re not able to reach an agreement, it’s best to speak to a family lawyer.

It’s also worth noting that Australia has a no fault divorce system, so you don’t have to prove that your partner was at fault in the breakdown of your relationship. There are certain requirements, however, including being separated for 12 months and proving that your marriage has irretrievably broken down. You’ll also need to provide a copy of your marriage certificate and an affidavit. Our team of Family solicitors Sydney can help you with all aspects of your divorce.

Separation

If your marriage or de facto relationship is ending, you need to consider many practical issues. These include parenting arrangements, property settlements and divorce proceedings. A Sydney family lawyer can help you navigate the process and get what you are entitled to.

Family lawyers can also help with family dispute resolution, which includes mediation services. They can also assist with drafting and reviewing financial agreements, often referred to as pre-nups. These documents set out how a married or de facto couple’s assets, such as property, superannuation, debts and maintenance will be divided if the relationship ends. Legal advice must be obtained before signing a financial agreement to ensure that it is valid and enforceable.

Choosing the right family law firm is essential for those facing separation or divorce. A good firm will combine technical expertise with empathy and compassion to achieve the best outcome for their clients. They will be available to speak with you at any time and will provide clear, straightforward legal advice.

Child Custody

Child custody issues can be among the most emotionally fraught aspects of a separation or divorce. Our Sydney family lawyers provide clear guidance and informed decision-making during this difficult time.

Australian family law focuses on the best interests of children as the primary consideration in crafting parenting arrangements. This includes major long-term decisions such as the children’s education, religious and cultural upbringing, health and name. These decisions should be made jointly wherever safe and practicable.

The court will consider a range of factors when making these decisions and will balance the needs of the child against the rights of each parent. Our team can help you decide what arrangements will be in your child’s best interests and assist with drafting formal agreements called consent orders which will have the same legal effect as a judgment made by a judge after a court hearing.

Our lawyers can also help you challenge a child support assessment if it is unreasonable or unjust. This may be due to a change in your income or that of the other parent, an error in the calculation of care percentage or other extenuating circumstances.

Property Settlement

When a Legal advisor Sydney breaks down, it is vital that you seek expert legal advice about property settlement. Our family lawyers will help you with all aspects of the process including determining which assets are part of the ‘net asset pool’ for distribution and arranging suitable property agreements.

When it comes to dividing property, both parties have an obligation to disclose all their current assets and liabilities. This includes identifying and valuing all existing property (including interests in trusts, companies and partnerships) as well as superannuation entitlements. It also includes revealing whether such assets have been disposed of since separation.

The Court will decide how to divide the net asset pool by considering each party’s contributions (both financial and non-financial) to the relationship as well as their future needs. The aim is to achieve a just and equitable outcome for all parties. A key part of this is ensuring that both parties are adequately financially supported after a divorce or separation.

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How to Lodge a Tax Return: Guide for Australians

Lodging a tax return is a vital annual task for individuals and businesses in Australia. It ensures compliance with the Australian Taxation Office (ATO), allows eligible taxpayers to claim deductions, and may even result in a tax refund. This guide explains the steps involved in lodging a tax return, the documentation you need, how to maximize deductions, and important deadlines.

Who Needs to Lodge a Tax Return?

Most Australian residents with taxable income need to lodge a tax return. This includes:

Individuals with income: Anyone earning above the tax-free threshold of $18,200 must lodge a tax return.

Businesses: Sole traders, partnerships, and companies are required to report their income, deductions, and expenses annually.

Investors: If you receive income from investments such as rental properties, shares, or dividends, you’ll need to report this on your return.

Foreign residents: If you earn income in Australia, you may also have to lodge a tax return, depending on the amount and type of income.

Steps to Lodge Your Tax Return

1. Collect Necessary Documents: Gather all relevant financial documents, including income statements, receipts, and records of any deductions you plan to claim. These might include:

PAYG summaries from your employer(s)

Bank interest statements

Dividend statements from investments

Rental income records (for property investors)

Private health insurance details

2. Choose a Lodgement Method: You have a few options when lodging your tax return:

myTax: myTax is the ATO’s online platform for individuals and sole traders. It’s secure, user-friendly, and accessible through the ATO website or the myGov portal.

Registered Tax Agent: Engaging a tax agent can help ensure your return is accurate and maximizes deductions. Agents are especially helpful if your tax situation is complex.

Paper Return: Paper lodgement is still available, although online filing is faster and more efficient.

3. Declare All Income: Report all forms of income, including salary, wages, government payments, investment income, rental income, and foreign income. The ATO receives income data from employers and financial institutions, so accuracy is crucial.

4. Claim Deductions and Offsets: Deductions can reduce your taxable income and potentially increase your tax refund. Some common deductions include:

Work-Related Expenses: Items related to your job, such as tools, protective clothing, travel expenses, and education costs, may be deductible.

Home Office Expenses: If you work from home, you may be eligible to claim expenses for utilities, phone, internet, and office supplies.

Investment Expenses: If you manage investments, you can claim expenses such as financial advice fees and costs associated with rental property management.

Charitable Donations: Donations of $2 or more to registered charities are deductible.

5. Double-Check and Lodge: Ensure all details are accurate, as any discrepancies can lead to delays or audits. Once reviewed, submit your return through your chosen method.

Key Dates and Deadlines

Individual Tax Returns: The deadline for individuals who lodge themselves (without a tax agent) is October 31. If you use a registered tax agent, they may have different deadlines, so it’s best to register with an agent before this date.

Late Lodgement Penalties: If you miss the deadline, the ATO may impose penalties, depending on how late the submission is and your overall tax compliance history.

Tips to Maximize Your Tax Return

Maintain Clear Records: Keep records of income, expenses, and receipts throughout the year to ensure you have everything you need come tax time.

Know Your Eligible Deductions: Familiarize yourself with the deductions and offsets available to ensure you claim everything you’re entitled to.

Consider Super Contributions: Voluntary superannuation contributions can be tax-effective and might increase your retirement savings while lowering taxable income.

Engage a Tax Agent: A registered tax agent can identify eligible deductions you might overlook and help with complex tax situations.

Benefits of Lodging Your Tax Return on Time

Lodging your tax return by the deadline helps you avoid penalties, stay compliant with the ATO, and, if eligible, receive a tax refund sooner. For business owners, staying on top of taxes also enhances financial planning, as it provides an accurate view of expenses and revenue.

Lodging a tax return can seem daunting, but understanding the steps and having a well-organized approach can simplify the process. Whether you lodge online, through a tax agent, or via paper, accurate documentation, income reporting, and claiming deductions can maximize your return and maintain compliance with Australian tax laws.

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Essential Retirement Planning Advice for a Secure Future

As retirement approaches, effective planning is crucial for ensuring financial stability and peace of mind. Here are some key pieces of retirement planning advice to consider:

1. Start Early and Save Regularly The earlier you begin saving for retirement, the better. Compound interest can significantly enhance your savings over time. Aim to set aside a portion of your income regularly, even if it's a small amount. Consider utilizing retirement accounts such as superannuation in Australia, which can provide tax advantages.

2. Assess Your Retirement Goals Understanding your desired lifestyle in retirement is essential. Do you envision traveling, pursuing hobbies, or perhaps downsizing? Having clear goals will help determine how much you need to save. Consider factors such as healthcare costs, living expenses, and leisure activities when estimating your financial needs.

3. Diversify Your Investments A well-diversified portfolio can help mitigate risks and maximize returns. Explore various investment options, including stocks, bonds, and real estate. Consulting a financial advisor can help you tailor an investment strategy that aligns with your retirement goals and risk tolerance.

4. Review and Adjust Your Plan Regularly Retirement planning isn’t a one-time event. Regularly review your financial plan to accommodate changes in income, expenses, or life circumstances. This ensures you stay on track to meet your retirement goals and make adjustments as needed.

5. Seek Professional Guidance Navigating retirement planning can be complex. Engaging a financial advisor can provide personalized insights and strategies tailored to your unique situation. They can help you understand the intricacies of retirement accounts, investment options, and tax implications.

6. Consider Health Care Needs Healthcare can be one of the largest expenses in retirement. Make sure to factor in potential medical costs when planning your budget. Explore health insurance options and consider long-term care insurance to protect your savings.

By following these retirement planning tips, you can work towards a financially secure and fulfilling retirement. For personalized retirement planning advice, visit SF Advisory today and take the first step toward your future.

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The Importance of Superannuation Advice in Australia

Superannuation (often referred to as "super") plays a critical role in ensuring individuals have adequate financial resources during retirement. To maximize retirement savings, it is imperative to seek professional superannuation advice due to the intricacies of superannuation laws, investment options, and available funds. This post will discuss the value of superannuation advice in Australia and the ways that working with a financial advisor such as James Hayes can improve your financial situation in the long run.

Superannuation in Australia

The purpose of the government-mandated superannuation savings program is to offer retirement income security. A portion of an employee's income, currently 11%, must be contributed by employers to a superannuation fund by the Australian government. To increase their retirement savings, employees may also voluntarily contribute. After that, the money is invested to increase over time, giving retirees a buffer in their finances.

The Complexity of Superannuation

The superannuation system in Australia is governed by complex regulations, which can be challenging for individuals to navigate. Key factors to consider include:

Types of Superannuation Funds: There are various types of super funds, including industry funds, retail funds, and self-managed superannuation funds (SMSFs). Each has its own set of features, fees, and investment options.

Investment Strategies: Deciding how to invest in superannuation savings is crucial. Options may include shares, bonds, real estate, or a mix of assets. Each choice carries different risks and potential returns.

Tax Implications: Superannuation contributions and withdrawals are subject to specific tax treatments, which can influence how much you end up with at retirement.

Regulatory Changes: The superannuation landscape is subject to frequent changes in legislation, which can affect contribution limits, tax rates, and withdrawal conditions.

The Role of Superannuation Advice

Given the intricacies involved in managing superannuation, obtaining professional advice is paramount. Here are several reasons why superannuation advice is crucial in Australia:

1. Personalized Strategy Development

Every individual's financial situation is unique. A qualified financial advisor like James Hayes can help develop a personalized superannuation strategy tailored to your specific goals, risk tolerance, and financial circumstances. This ensures that your superannuation plan aligns with your long-term retirement objectives.

2. Maximizing Contributions

A financial advisor can help you understand the different contribution options available, including salary sacrifice and personal contributions. They can guide you in maximizing your contributions to take full advantage of the government's co-contribution scheme and other incentives designed to boost retirement savings.

3. Investment Choices and Risk Management

Navigating the plethora of investment options within superannuation can be overwhelming. James Hayes can provide expert insights into which investment strategies align with your risk tolerance and retirement timeline. He can also help you diversify your portfolio to mitigate risks while optimizing growth.

4. Staying Compliant with Regulations

Superannuation regulations can change frequently, affecting everything from contribution limits to tax treatments. A financial advisor ensures that your superannuation strategy remains compliant with the latest laws and regulations, minimizing the risk of penalties or lost opportunities.

5. Retirement Income Planning

One of the critical aspects of superannuation advice is planning for retirement income. A financial advisor Sydney can help you protect your retirement income based on various scenarios, ensuring you have a clear understanding of how your superannuation will support you in retirement. This includes strategizing when to start drawing down your super and how to manage withdrawals effectively.

James Hayes: Your Superannuation Advisor

Choosing the right financial advisor is essential to getting the most out of your superannuation. James Hayes stands out in Australia for several reasons:

Expertise in Superannuation: With extensive knowledge of the Australian superannuation landscape, James Hayes can provide tailored advice that meets your individual needs.

Holistic Financial Planning: James takes a holistic approach to financial planning, integrating superannuation strategies with your overall financial goals. This ensures a comprehensive plan that addresses all aspects of your financial life.

Commitment to Education: James believes in empowering clients through education. He provides clear explanations of superannuation concepts, allowing you to make informed decisions about your retirement planning.

Proven Track Record: With numerous satisfied clients, James has a proven track record of helping Australians successfully navigate the complexities of superannuation and achieve their retirement goals.

The Impact of Quality Superannuation Advice

One cannot stress the significance of receiving superannuation advice. According to studies, people who get professional financial advice have a higher chance of saving more money for retirement than people who don't. This may result in increased retirement financial security, enabling a more opulent lifestyle.

Case Study: The Value of Engaging a Financial Advisor

Consider the case of Sarah, a 35-year-old professional in Australia who was managing her superannuation on her own. She was unsure about her investment choices and contribution strategies. After consulting with James Hayes, she received tailored advice that helped her:

Optimize her contribution levels, enabling her to take advantage of the government’s co-contribution scheme.

Diversify her investment portfolio, balancing growth with risk management.

Develop a clear plan for retirement income, providing peace of mind for her future.

As a result, Sarah felt more confident about her retirement planning and saw a significant increase in her superannuation balance over the years.

The significance of superannuation advice in Australia cannot be overstated. Anyone wishing to safeguard their financial future would be well advised to work with a financial advisor such as James Hayes, given the intricacies of the superannuation system. James can guide you through investment options, maximize contributions, and develop customized strategies to help you make decisions that support your retirement goals.

As you approach your retirement years, remember that your superannuation is not just a savings account—it'sa critical component of your financial well-being. To guarantee a safe and happy retirement, don't try to handle the complexity on your own; instead, get professional superannuation advice.

For personalized superannuation advice in Australia, consider reaching out to James Hayes, who can guide you toward achieving your retirement dreams.

James Hayes Financial Planner

Address: Level 1, 304-318 Kingsway, Caringbah NSW 2229

Phone No: (02) 9524 6711

Website: https://www.jameshayesfp.com.au/

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The Role of a Financial Planner in Australia in Maximizing Your Superannuation

A Financial Planner in Australia can be instrumental in helping individuals make the most of their superannuation. Financial planners understand the intricacies of super laws, taxes, and regulations, ensuring that your superannuation is strategically invested to maximize growth.

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Aussie Injury Lawyers Perth

Speak with our Perth TPD Lawyers for knowledgeable advice regarding disability insurance payouts. The TPD claim experts at Aussie Injury Lawyer’s offer knowledgeable advice for various insurance litigation cases. When a severe injury, illness or mental disorder disrupts your capacity to fund your life, you will struggle to pay your medical expenses, mortgage, and power bills. The insurance claim specialists at Aussie Injury Lawyers Perth can assist you in getting back on track during this trying time. You can rely on their 100 years of combined legal experience in insurance litigation to ensure that you receive all your benefits. This backed by their 99% success rate. Have peace of mind knowing that all TPD disability claims are funded on a 100% no win, no fee basis with no upfront costs. Pay when you win and nothing if you lose. Contact our Perth lawyers immediately to learn how we can support you in bringing a successful claim. We provide professional legal advice on insurance law matters no matter where you live in Western Australia.

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Schedule a Free Financial Advice by Sending Request Explaining Advice Needed Areas

Trustable financial services companies offer free financial advice if you provide them the area of financial service you are interested in and they can get back to you with proper advice. These firms ensure that their qualified financial advisors can guide you from different backgrounds. Their every personal and business financial advisor their firm has on staff is accredited and experienced in creating financial plans that help clients to prepare budget, invest, and get the most out of their finances. These financial advisors can provide financial advice in the areas of business, aged care, superannuation and investment property. Their business financial advisors will help business owners to prepare and analyse financial data about their business.

Their superannuation financial advice in Australia will help clients who need advice about gaining access to the funds in their superannuation account. They can provide advice regarding withdrawing superannuation funds and devise and implement effective strategies that can streamline this process and fulfil the clients’ wishes. If you wish to access funds from your superannuation fund, these businesses’ superannuation advisors can provide you with valuable advice that helps you to navigate the process. These financial companies claim that they are known for providing trusted superannuation advice in Australia to clients from various backgrounds, using proven and practical strategies to streamline the superannuation withdrawal process and ensure their obligations will be met.

Importance of Hiring Professional Financial Advice:

Verified researches show that a financial adviser is a professional who helps people manage their money wisely and thereby ensure their financial stability. Because of their years of experience, they are qualified and knowledgeable to advise you on where to invest at any given time. This is due to the fact that they have dealt with a range of financial challenges and are therefore knowledgeable about what works and what doesn't, depending on the particular needs and goals of each individual. The skills and knowledge of these professionals are put to use to make sure your money is wisely spent. When you're at work, financial advisors can help you make your money work for you. They can handle a variety of economic issues and identify the best strategies to build money.

In conclusion, financial firms offer various services including financial advice, financial planning and more.  Anyone searching for these services should contact a nearby financial firm.

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Superannuation Advice Experts in Brisbane

If you establish an SMSF, you are in charge; you make investment decisions for the fund and are held accountable for complying with superannuation and tax laws. Superannuation Advice Brisbane is the best way for you. It's a major financial decision for you that saves your time and skill. This may be a better alternative for your super savings.

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Ensuring Your Employer is Paying Your Superannuation: Protecting Your Retirement in Australia

Superannuation is a fundamental part of financial planning for retirement in Australia. However, many employees are unaware if their employers are meeting their legal superannuation commitments. With unpaid superannuation becoming a growing concern, it's essential for workers to take steps to verify their super payments. This article provides guidance for Perth employees on how to track their super, why timely payments matter, and what to do if an employer isn't meeting their obligations.

What is Superannuation?

Superannuation, or "super," is a compulsory retirement savings system in Australia, designed to provide financial security in later years. Employers are legally obligated to contribute a portion of their employees' ordinary time earnings (OTE) to a super fund. These funds are invested to build a substantial retirement savings balance over time.

Employer Responsibilities for Superannuation

Under the Superannuation Guarantee (SG) law, employers are required to contribute at least 11.5% of an employee's earnings to a super fund. This contribution rate is scheduled to rise by 0.5% in July 2025. Despite this requirement, research indicates that up to $5.1 billion in super payments go unpaid annually, leaving many workers without their full entitlements.

How to Verify Your Super Contributions

Monitoring your super contributions is critical for safeguarding your retirement. Here are several methods to ensure your employer is making the correct payments:

Use ATO Services: Access the myGov portal or ATO app to see if your employer has made contributions to your super fund.

Ask Your Employer: Request a summary of your super contributions and details of the super fund receiving them.

Contact Your Super Fund: Check your super fund's statements or contact them directly to confirm that contributions have been deposited.

Keep in mind that the inclusion of super contributions on your payslip does not necessarily mean they have been paid into your super fund. It’s essential to verify through other channels.

What to Do If Your Super Isn’t Being Paid

If you suspect your employer is not fulfilling their super obligations, there are several steps you can take:

File a Report with the ATO: Report the issue to the ATO, which has the power to investigate and retrieve unpaid super contributions.

Consult HR Professionals: Seek HR advice in Perth for assistance in understanding your entitlements and the necessary steps to address any unpaid super.

Contact Support Organisations: Reach out to your union, legal support centres, or the Fair Work Ombudsman for guidance and support.

Employers who fail to comply with superannuation obligations can face financial penalties, and the ATO can pursue unpaid contributions on behalf of employees.

Who is Eligible for Superannuation?

Employees Aged 18 and Over: All full-time, part-time, and casual employees are eligible for super contributions.

Employees Under 18: If working more than 30 hours per week, super contributions are required, regardless of age.

Temporary Residents: Temporary visa holders working in Australia are also entitled to super contributions.

Superannuation Payment Schedule

Super contributions must be made quarterly. The payment deadlines are:

1 July – 30 September: Due by 28 October

1 October – 31 December: Due by 28 January

1 January – 31 March: Due by 28 April

1 April – 30 June: Due by 28 July

Starting from 1 July 2026, the new "payday super" rule will require employers to pay super contributions at the same time as wages, providing greater clarity for employees and allowing the ATO to monitor unpaid super in real-time.

Conclusion

Superannuation is a cornerstone of Australia's retirement planning framework, but many employees may be missing out on their full entitlements. Regularly checking super contributions and consulting experts if there are issues can help Perth workers protect their retirement savings. If an employer is not adhering to their obligations, it’s crucial to report the matter to the ATO or seek legal advice to ensure that all owed super is properly paid.