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Superannuation guarantee maximum contribution base 2014

superannuation guarantee maximum contribution base 2014

In other words superannuation guarantee is only payable on income up to the maximum contribution base.
What this means is that the maximum SG obligation for an employer.5 of 49,430 per quarter, which translates into 4,695.85 of SG per quarter.
For your reference, I have outlined below the mscb coreldraw 9 windows 7 64bit for the 2017/2018 year, for the 2016/2017 financial year, for the 2015/2016 financial; year, and for the previous 4 financial years: For the 2017/2018 year: The Maximum Superannuation Contribution Base for the 2017/2018 year is 52,760.The maximum annualised SG obligation for the 2012/2013 year works out to be 16,470.Note: Norfolk Island employers should not use this tool as a different super meera ndtv imagine episodes guarantee rate currently applies.This is designed to help you sun cellular promo plan 350 determine whether you are eligible for SG contributions and whether your employer is paying the correct amount.If you are late in meeting your super obligations, the.Click on the, print button and the summary will be printed.The employer is only required to pay superannuation guarantee payments on 49,430/quarter.Q: I am earning a salary of 200,000 plus super.You will need to verify your personal entitlements with your employer, your accountant or the ATO, but I can provide a general response.The, superannuation Percentage is increasing from.0 to 12 between, as follows: Period, superannuation Guarantee Rate (Percentage )., however, the, sG Superannuation contributions required to be paid are capped, depending on the salary.
Also, see more information for over 55s here.
This example is merely illustrative.
You also need to take into account the Concessional Contribution caps.
An employer is legally required to make Superannuation Guarantee contributions up to an upper income limit.
Of course employer contributions can be more than the minimum required for superannuation guarantee, such as via industrial agreement or salary sacrifice.
Employees, employees should use the, estimate my super tool.You should also be able to nominate the account your SG payments are made into using the Superannuation Choice Form.Before you start, you will need the following information: the personal details of your employees, including their name (optional) and super fund details (optional) the amount that superannuation is payable on for each employee for the period.The table below details an example of the application of the Maximum Superannuation Contribution Base in a situation where earning fluctuate throughout the year for instance, where bonuses or commissions may apply.Can you please confirm what the maximum SG contribution is allowed to be for the 2016/2017 year, and also what the maximum is for the 2017/2018 year, based on 200,000?The maximum super contributions base for previous periods is: Maximum contribution base, source: Want to be kept up-to-date with smsf and Superannuation changes why not subscribe to our.This article, as with all content on this site, is for informational purposes only, and is not legal, financial, tax or other advice.The following, superGuide article explains the Maximum Superannuation Contribution Base in more detail, including the mscb for previous years: Related articles, april 15, 2017 by, trish Power 4 Comments).