Changes to Super Legislation

February 13, 2020

From 1 January 2020, where an employee salary sacrifices part of their salary into superannuation, these superannuation contribution amounts will be subject to the 9.5% employer paid super guarantee.

We have updated our system to comply with the new legislation change. 

This change may have implications for your staff if they are trying to reach, but not exceed, the maximum concessional contributions cap of $25,000 per year. 

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Promat Australia Pty Ltd has shared a long association with IPS and has always found them to be highly professional, prompt and attentive. They will always go the extra mile to ensure that all your payroll needs and requirements are met.

Promat Australia Pty Ltd - Gregg Hammond Manufacturing Accountant/HR

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