Stapled Super Funds
Attention all Employers: Stapled Super Funds From 1 November 2021, if a new employee comes on board and doesn’t choose a superfund, you may need to contact the ATO to request their ‘Stapled Super Fund’ details. Directly from the ATO: ‘A stapled super fund is an existing super account which is linked, or ‘stapled’, to […]
Inactive Super Accounts
Changes for Inactive Super Accounts The Treasury Laws Amendment (Protecting Your Superannuation Package) Act 2019 introduced a new category of accounts known as ‘inactive low-balance accounts’ to automatically consolidate eligible unclaimed super money into eligible active super accounts through the Australian Taxation Office in order to protect their retirement savings from being eroded by fees […]