Superannuation Contributions Increase Effective 01 July 2021

Effective 1 July 2021, employers will be required to increase the minimum superannuation contribution to employees from 9.5% of ‘Ordinary Time Earnings’ (OTE) to 10%.

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Superannuation Rates and Thresholds for 2021–22

Superannuation is widely regarded as the most tax-effective vehicle for retirement savings. The ATO has recently published the key superannuation rates and thresholds for the 2021–22 year.

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Thoughts From Our Principals

Mark Semmens

Mark is a Chartered Accountant with a wealth of experience in accounting and taxation. Mark is a Member of Chartered Accountants Australia and New Zealand, the Tax Practitioners Board and the National Tax and Accountants Association.

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Daniela Semmens

Daniela Semmens is a Co-Director of Semmens & Co. and joined the company as General Manager in 2017. Daniela is an Affiliate Member of Chartered Accountants Australia and New Zealand and also a Member of the Australian Institute of Project Management.

Daniela's blogs

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