Pharmacy employers need to
be aware of important changes
to compulsory superannuation
requirements starting 1 July
2013. The super guarantee rate
is going up from 9% to 9.25%.
The rate will increase gradually
over 7 years to 12% by 2019.
Employers who are making
super payments at the
minimum 9% rate need to
adjust payments to the new rate
from 1 July 2013.
Super payments for employees
aged 70 or over
The upper age limit for paying
super for an employee has
been removed so mature age
workers can keep building their
retirement savings.
This means there will no
longer be a maximum age for
super guarantee eligibility.
Employers who have eligible
employees aged 70 years or
older will need to make super
contributions to those eligible
employees’ super funds from 1
July 2013.
For more information on the
changes click here.The above article was sent to subscribers in Pharmacy Daily's issue from 25 Jun 13 To see the full newsletter, see the embedded issue below or CLICK HERE to download Pharmacy Daily from 25 Jun 13
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