News

Last week, the ATO released some new indexed figures that will commence in the 2025/26 financial year. The relevant changes are as follows: Lump Sum D Threshold The Lump Sum D threshold will increase to $13,100 + $6,552 for each completed year of service from 1 July 2025. ETP thresholds The life benefit termination payment ETP cap … Read more

As the holiday season approaches, businesses are engaging Christmas casuals to manage the festive rush. While these workers are vital for handling the increased workload, it’s important to remember that they are treated the same as other casual employees under the Fair Work Act. Here’s what you need to know to stay compliant and manage your … Read more

When making redundancy payments, employers and payroll managers must understand what can be included in the tax-free portion known as Lump Sum D. Lump Sum D applies to the tax-free component of a genuine redundancy or early retirement payment within the limits set by the Australian Taxation Office (ATO).  Here’s a comprehensive guide to understanding … Read more

As an employer you may pay allowances to employees for various reasons. Allowances are payments made to recognize or compensate for certain conditions of employment or to cover expenses employees may incur. It’s essential to determine which allowances are subject to superannuation contributions and which are not as this impacts compliance with the Superannuation Guarantee … Read more