The super guarantee is the minimum amount to be deposited in an employee's Super account. It is determined as a percentage amount of earnings of an employee.

1. i3 Group
CHANGES TO SUPER – WHAT DOES
IT MEAN TO YOUR BUSINESS

2. i3 Group
Compulsory Super – New Rates

The super guarantee is the minimum
amount to be deposited in an employee's
Super account.

It is determined as a percentage amount of
earnings of an employee.

The rates are bound to increase gradually
from 9% to 12% between July 2013 and
July 2019.

Relying upon best payroll services can
ensure a smooth transition.

3. i3 Group
For Employees Aged Over 70

The upper age limit for eligibility to Super is
no longer applicable from July 2013.

The decision is aimed at allowing senior
employees to continue saving for
retirement.

You will need to make Super contributions
to all eligible employees above 70 years of
age.

Partner with an effective payroll outsourcing
company and avoid any legal complications.

4. i3 Group
It's Time for My Super

Starting from 1st July 2013, all default Super
accounts need to be replaced with My Super.

If employees fail to present their choice of
fund by January 2014, Super contributions
need to be made to a fund that offers
MySuper.

A reliable payroll processing service can
accomplish this without any hassles.

5. i3 Group
New Standards for Easier
Payments

All businesses comprising of more than 20
employees need to comply with new
standards by July 2014.

New standards enable sending Super
contributions in a standard e-format.

The new standard would reduce transaction
cost and lower processing time.

A reliable payroll outsourcing company can
help you meet the new standards easily and
efficiently.

6. i3 Group
Getting Ready for the Changes

A number of tools are available to calculate
the eligibility and other parameters from the
ATO.

However, it is best to get in touch with a
professional payroll processing services
provider.

This will relieve your HR personnel from any
additional burden while ensuring a smooth
transition for all your payroll management
needs.

7. i3 Group
Getting Ready for the Changes

A number of tools are available to calculate
the eligibility and other parameters from the
ATO.

However, it is best to get in touch with a
professional payroll processing services
provider.

This will relieve your HR personnel from any
additional burden while ensuring a smooth
transition for all your payroll management
needs.