$450 monthly threshold Super Guarantee

Minister told 400,000 employees missing out on super due to $450 rule

The Coalition didn’t adopt the recommendation of two Senate inquiries to abolish the $450 monthly threshold for employees to receive Super Guarantee contributions, despite being briefed that it was affecting 400,000 employees and that it would have minimal impact on wages or employment. Currently employers don’t have to pay Super… Read More »Minister told 400,000 employees missing out on super due to $450 rule

Real problem with small super accounts is $450 SG threshold: CAANZ

The real problem with small superannuation accounts is the $450 monthly threshold to receive Superannuation Guarantee, which should be “dramatically” raised according to the accounting body Chartered Accountants Australia & New Zealand (CAANZ). The Government announced in the 2018 Budget a number of measures aimed at reducing and limiting the… Read More »Real problem with small super accounts is $450 SG threshold: CAANZ

Minimum Super Guarantee threshold disadvantaging Aboriginal peoples

The $450 monthly income threshold to receive Superannuation Guarantee payments disadvantages Aboriginal and Torres Strait Islander peoples and should be removed, says the Indigenous Superannuation Working Group (ISWG). Under current rules employers are not required to pay Super Guarantee to employees over the age of 18 if they earn less than $450… Read More »Minimum Super Guarantee threshold disadvantaging Aboriginal peoples

$450 SG threshold a barrier preventing women from a dignified retirement

The $450 monthly threshold to receive Superannuation Guarantee is a barrier preventing women from reaching a dignified retirement and should be removed, says Australian Institute of Superannuation Trustees (AIST) and Women in Super. Data from an Essential Media poll, commissioned by AIST, suggests 18% of women have a job that… Read More »$450 SG threshold a barrier preventing women from a dignified retirement