SMSF News 2014/2 – SG Rate increases to 9.5% from July 14

8 June 2014, 2:33 pm

The government announced in the budget that the SG rate will increase to 9.5% from 1 July 2014 as per the existing schedule. This is to provide certainty to business as the legislation to pause the rise in the SG rate was rejected in the Senate.

The Government does however intend to legislate to pause the SG rate at 9.5% till 30 June 2018 and then increase it by 0.5% eachyear until it reaches 12% in 2022/23.

SMSF Audit Alert 2014/2 – New penalty regime starts July 2014

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