Tax Alert – Superannuation Guarantee Increase & Removal of the monthly $450 income threshold

Superannuation Guarantee increase from 1 July 2022 The Australian Taxation Office (ATO) has recently reminded taxpayers of the scheduled increase to the superannuation guarantee (SG) percentage, while some superannuation limits remain the same. From 1 July 2022, Australians will be contributing more into their superannuation fund as the SG percentage will increase from 10.0% to […]