ATO – Discretion with remedial SG Contributions
The ATO has released a fact sheet explaining:
- its approach to exercising discretion to disregard or reallocate contributions when an employer makes remedial super guarantee (SG) contributions that result in an employee exceeding their concessional contribution (CC) cap,
- and information employers need to provide employees to help them apply for a determination.
Remedial SG contributions arise when an employer has not paid enough SG on time for current or former employees. Read More
The following has information on various tax issues that may be useful.
Personal circumstances always vary, so please ensure you contact us for specific advice.