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From 1 July 2025, the superannuation guarantee (SG) rate increased to 12%, marking the final stage of previously planned increases. This means employers are required to contribute 12% of an eligible employee’s earnings to their super fund. SG contributions are generally due 28 days after the end of each quarter, and it’s important for both […]

This tax season, we’ve seen a surge in questions about whether interest on a loan can be claimed as a tax deduction. It’s a great question as the way interest expenses are treated can significantly affect your overall tax position. However, the rules aren’t always straightforward. Here’s what you need to know. The purpose of

Super guarantee rate now 12%: what it means for employers From 1 July 2025, the superannuation guarantee (SG) rate officially rose to 12% of ordinary time earnings (OTE). This is the final step in the gradual increase legislated under previous reforms. What’s Changed? Old rate: 11.5% (up to 30 June 2025)New rate: 12% (from 1

The Federal Government has proposed a new 15% tax on superannuation earnings for individuals with total super balances (TSB) over $3 million. This measure, known as the Division 296 super tax, is still not law and must pass through both Houses of Parliament. While the legislation is pending, the Government originally proposed a start date