Super News – Employer Edition – Issue 1 2018

Welcome to the latest edition of Super News for our contributing employers. In this edition we help you get prepared for the government’s Single Touch Payroll scheme that starts on 1 July this year for businesses with more than 20 employees, look at the new and simplified insurance claims process for members, along with the benefits of contributing extra to your super savings. Click here to download a PDF version.

Single Touch Payroll Is Almost Here

If you’re a business with 20 or more employees, then the government’s Single Touch Payroll (STP) scheme is about to come into effect for you from 1 July 2018.

Understand your new obligations

Insurance Claims Made Simple

Simple is back. We’ll soon be launching a simple three-step digital solution that allows our members to initiate and manage their claims online, from a desktop or tablet.

EOFY Contributions Deadline

The end of June is a busy time for everyone!

Don’t forget that for super contributions to be processed in the 2017/18 Financial Year, they need to be received by Friday 29th June.

It helps to leave plenty of time for delivery and processing, so we suggest aiming to complete your contribution and notification process by Friday 22nd June if possible.

Making Extra Contributions to Super Has Rewards

We’re living longer, more active lives, and the cost of living will continue to rise, so it makes sense to ensure your nest-egg is as healthy as possible when it comes time to retire. We explain the benefits of making extra contributions to your own super.

Super Rates and Thresholds for 2018/19 Confirmed

The Australian Taxation Office (ATO), recently released the key superannuation rates and thresholds for the 2018/19 financial year.

The information contained in this document is of a general nature only. It does not take into account your objectives, financial situation or needs. You should consider whether it is appropriate to your individual circumstances. Before you make any investment decisions, we suggest you obtain and read the relevant Nationwide Super Product Disclosure Statement, available at nationwidesuper.com.au, and/or seek licensed financial advice.

As at the time of compilation, the information contained in this document is correct, and any estimates, opinions, conclusions or recommendations are reasonably held or made. Subsequent events may mean that the information becomes out-of-date and so, to the maximum extent permitted by law, we disclaim all liability and responsibility for any direct or indirect loss or damage which may be suffered by any recipient through relying on anything contained in or omitted from this document.