Forced super payments absurd

With few exceptions, private sector employers have responded quickly to federal super legislation changes by giving their employees the flexibility to avoid the penalty tax provisions and the new 15 per cent surcharge on taxpayers with incomes above $300,000.

Indeed, there is a huge incentive for employers to do so because of the cost savings from not being responsible for running company super funds as well as the after-tax cashflow benefits to employees.

Read the full article: Forced super payments absurd (The Australian subscription required) 

Next articles

Daryl Dixon

Executive Chairman

Daryl Dixon is one of Australia’s foremost investment experts and a well known writer and consultant. He has provided trusted advice to thousands of personal clients over more than 25 years and is an acknowledged expert in the areas of tax, superannuation (including public sector superannuation), social security and investments.

Read More

Share