Bloom Money
Hi, we’re Jaimie and Liv.
CFO, Profit coach and financial therapists.
Ignoring the bills ain’t new,... View more
Understanding the Upcoming Payday Super Changes and How to Prepare What We Cover
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Understanding the Upcoming Payday Super Changes and How to Prepare What We Cover
https://youtu.be/R3hlzWdEer4?si=bEtIg4OrwvkeQLSr
In this video, I break down the big changes coming to Australia’s super system in a way that actually makes sense. We look at Payday Super – what it is, why it’s happening, and how paying super at the same time as wages is set to shake up the old quarterly routine. It’s a simple change, but one that will make a real difference to keeping super accurate, up to date and actually landing where it should.
I also walk through the jump to a 12 % Superannuation Guarantee and what that means for both employees and employers. More super going into retirement savings, a few updates needed in payroll processes, and a much smoother system overall.
If you want a clear, upbeat explanation of what’s changing and how to get ahead of it, this video is for you. Let’s make super a little less confusing and a lot more practical.
Do you think the move to Payday Super will genuinely reduce unpaid or underpaid super across the industry, or will it simply shift the compliance pressure elsewhere? Let us know what you think!
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