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Superannuation

Super is the money you pay for your workers to provide for their retirement

Employers must pay 11.5% of their salary into a super fund, which is called the Super Guarantee. This rate is set to increase by 0.5%, reaching 12% on 1 July 2025.

Superannuation is generally held inside an Industry Super Fund, Government Fund or Self-Managed Super Fund (SMSF).

More and more people are opting for an SMSF, as it can provide much greater flexibility and a way of keeping costs down.

TaxAssist Accountants can assist with:

  • Setup and Administration of Self-Managed Super Funds (SMSF)
  • Assistance with Lump Sum withdrawals
  • Assistance on Property, Shares & Investments inside Superannuation Funds
  • Audits on Super Funds

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