Superannuation
Superannuation obligationsSuperannuation is another form of savings for the retirement of employees. It is compulsory for all employees. Superannuation is an impost on employers and is calculated at 9.25% of wages. It is paid into the superannuation funds nominated by the employee. Each employer should have a default superannuation fund for employees who have not made their own choice. For employees who have left Australia permanently, a superannuation refund may be due.
Tax Refund Australia can help you meet your superannuation obligations. We can also help employees establish their self managed superannuation fund. A SMSF (self managed superannuation fund) has a few advantages over retail funds for employees. Firstly, there are no management fees if the employee makes its own investment choices. Secondly, as trustee of the superannuation fund, the employee has total control over the type and duration of the term of investments in the fund. With the inroduction of borrowing to buy an investment property there has been spiralling growth in the establishment of SMSFs.
Tax Returns Australia can manage your superannuation obligations whether you are an employer or employee with a self managed superannuation fund. At the conclusion of the financial year in June each fund must be audited. We can prepare the audit for you and we can prepare that for you as well.
Call Accountant Australia on
- 1300 629 454 (if you are calling within Australia)
- 61 3 93001909 (for foreign callers 9am to 5pm Australian Eastern Standard Time)
- 61 4 00944057 (foreign callers 6am – 9am, 5pm – 10pm AEST)