The Federal Budget 2021-22 included good news for super members. Find out what it could mean for you.
Are my super contributions to my employees tax-deductible?
You can claim certain deductions on contributions made to complying super funds on behalf of employees under the age of 75.
For employees over 75, you may only claim a deduction if an industrial award, determination or state award agreement requires a contribution.
There are rules and exclusions that apply so make sure you’re familiar with the information provided on the ATO’s website.