Outstanding annual leave balances are a significant financial liability to any balance sheet. The longer employees go without taking holidays, the greater the risk to a company’s cash flow in the long term. Implementing strategies to regularly reduce annual leave balances can be difficult for SMEs that operate with a lean corporate structure and have limited internal resources.
legalsuper thought you may be interested to view the latest legalsuper 2013/14 Salary Sacrifice and Government co-contribution guides. The key change for salary sacrifice is that for people aged 60-plus the concessional contributions cap has increased from $25,000 to $35,000.If you would like printed versions of these publications or have any further questions please contact David Eastwood.
The Government co-contribution scheme has grown in popularity since it was introduced in 2003. It’s not surprising – the Government will add a maximum of $500 to your super by paying 50 cents for every $1 that you pay into super from your after-tax income. That’s a 50% return – and there are not too many investments that can offer that! If you would like printed versions of this publication or have any further questions please email David Eastwood.
legalsuper co contribution worksheet (189 KB)
Janet Christie, Managing Director
Webinar May 2012 - Finders Keepers: Attracting and Retaining High Performers (1035 KB)
Presented by Janet Christie, Managing Director at Christie & Betro. Click here to view the Seminar on Demand.
legalsuper legal services award fact sheet (149 KB)
The Legal Services Award specifies the minimum employment conditions to be provided by legal employers to employees throughout Australia. A clause within the Award covers the superannuation obligations of employers. This fact sheet by legalsuper outlines these superannuation obligations for employers.