by Team Garnet | Sep 30, 2021 | Business Structures, Small Business, Superannuation
There’ll soon be an extra step for employers that hire new employees in relation to the recent stapled super fund changes. Employers beware, from 1 November 2021, if you’re hiring new employees, there may be an extra step involved in determining which super fund...
by Team Garnet | Aug 18, 2021 | Superannuation, Tax News
From 1 July 2021, a whole raft of super changes as a part of the government’s more flexible superannuation has come into effect. Three of the most important superannuation changes consist of: the increase in bring-forward arrangement contributions cap, the removal of...
by Team Garnet | Jul 29, 2021 | Superannuation
Employers with manual payroll processes beware, the rate of super guarantee has increased to 10%, make sure you’re not underpaying super and avoid penalties. With the advent of a new financial year, there is an important change from 1 July 2021 that employers should...
by Team Garnet | Jul 2, 2021 | Investments, Superannuation
Contrary to popular belief, your Self Managed Super Fund can actually invest in collectables such as artworks, jewellery and wine as well as personal use assets such as boats, classic cars or other vehicles. However, investment in these assets must meet very strict...
by Team Garnet | May 19, 2021 | Insurance, Superannuation
It is estimated that around 70% of Australians with life insurance hold it through their super fund. Having insurance through your super fund is tax-effective and has various advantages such as having cheaper premiums and usually having fewer health checks. Most funds...
by Team Garnet | May 4, 2021 | Garnet Business Services, Superannuation, Tax News
Did you know you can boost your super with a co-contribution from the government? If you’re a low or middle-income earner, you can take advantage of the government super co-contribution scheme to boost your super. The scheme works like this, for eligible individuals,...
