Employees' Tax File Numbers
A reminder that employers have a responsibility of submitting employees' tax file numbers to the employees nominated superannuation fund. If the tax file number is not notified to the superannuation fund, the Australian Taxation Office will impose tax at 46.5% on the superannuation contribution, instead of the standard 15%. Also, employees will miss out on the opportunity of claiming the entitlement from the Federal Government's contribution scheme if the employee has made a voluntary contribution to their superannuation fund.
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To contact us for more information on this topic, please call (03) 9802 2533 or click here.
A reminder that employers have a responsibility of submitting employees' tax file numbers to the employees nominated superannuation fund. If the tax file number is not notified to the superannuation fund, the Australian Taxation Office will impose tax at 46.5% on the superannuation contribution, instead of the standard 15%. Also, employees will miss out on the opportunity of claiming the entitlement from the Federal Government's contribution scheme if the employee has made a voluntary contribution to their superannuation fund.
To return to the original newsletter, please click here.
To return to the Rogerson Kenny homepage, please click here.
To contact us for more information on this topic, please call (03) 9802 2533 or click here.
F. (03) 9802 0590
