Tuesday, June 12, 2007

Superannuation Co-Contributions: Myths, Facts & Tips #5


Myth
If you are over 70 and go back to work your employer has to pay Superannuation Guarantee (SG) for you.

Fact
If you are aged 70 or more you are not entitled to SG. However, your employer may continue to make contributions for you until just after you turn 75, but it is not compulsory for super guarantee purposes.


0 comments:

The comments provided in this blog are general in nature and not intended to be specific advice. Each situation is different. You should discuss your circumstances with Alan (or another tax agent) to obtain individual advice before acting on any information.