Your investment update - May 2024
In our latest Investment Update, we give you a quarterly performance recap, an update on market news and volatility, and showcase one approach we’ve taken towards investing in AI.
The Australian Tax Office (ATO) will introduce changes from 1 July this year to streamline the way employers report some tax and super information.
Super contributions will be automatically reported to the ATO directly from an employer’s payroll software at the same time as employees' wages are processed.
The ATO is working with payroll software providers to ensure their products will allow employers to report through Single Touch Payroll.
From 1 July 2017, the changes are on an opt-in basis and do not become compulsory for some employers until 1 July 2018.
Employers with 20 employees or more | Employers with 19 employees or less |
1 July 2017 Single Touch Payroll available but not compulsory |
Single Touch Payroll available but not compulsory |
1 July 2018 Single Touch Payroll available and compulsory |
Single Touch Payroll available but not compulsory |
In our latest Investment Update, we give you a quarterly performance recap, an update on market news and volatility, and showcase one approach we’ve taken towards investing in AI.
With inflation and currently high interest rates continuing to hit household budgets, this year’s Federal Budget contained some important changes for super.