A Real CFO

Compulsory Superannuation to increase to 10.5%

Compulsory Superannuation to increase to 10.5%

You may not be aware, but from 1 July 2022, the rate of compulsory superannuation increases from 10.0% to 10.5%.

If your staff are employed on a package basis where their specified total remuneration comprises their base salary and superannuation, then you will be facing an important decision come 1 July 2022.

Do you follow their employment contract and reduce their base salary and increase their compulsory superannuation? 

Or do you leave their base salary as it is, and increase their superannuation, effectively giving them a pay rise?   The cost to your business for someone on a $100,000 total remuneration package to do this, is less than $500 pa.

In the current staffing market, the businesses I am talking to, are taking the latter option and just increasing the super.

What will you do?

 

If you want some help, contact me below.

 

If you like this, why not share this with a friend, simply click on one of the icons to the left or below
[simple-social-share]

Contact Wayne Wanders for your FREE Business Survival Session

To ensure I help your business specifically, the best approach I have found is to have an obligation free session with you.  In this session we will review your current business in a factual and objective manner, to better understand the challenges that you face.  And this session does not need to be face to face.

At the end of this session, you will have multiple ideas on how your business can survive and thrive in these uncertain times.

Simply fill in the contact form below or email me at wayne@aRealCFO.com.au or call me on 0412 227 052 to organise one of these obligation free sessions.

2 + 8 =

To get help you successfully navigate your way through your financial challenges so your business can survive and thrive in these uncertain times, simply use the contact form on the left to email Wayne or call him on 0412 227 052.
We promise to keep your email address safe.
Let Wayne Wanders, a fully qualified and experienced CFO, help you successfully navigate your way through your financial challenges so your business can survive and thrive in these uncertain times.

Wayne Wanders, A Real CFO

wayne@aRealCFO.com.au

If you like this, why not share this with a friend, simply click on one of the icons to the left or below
Business Survival Guide