Most of the country is opening up right in time for the festive season. But a rush of patrons may mean that you and your business need extra help to get you through.
When you hire someone new, it’s important to work out if you’ll need to pay superannuation for them.
In most cases, all employees are eligible for super – even if they’re a relative or hired for only a short period. Some contractors are also eligible for superannuation.
To avoid extra costs for your business, the key things to know when it comes to super for new workers are:
New workers can complete the commencement form in ATO online services. This will make it easier and quicker for you to get their super details and the ATO will get the information directly.
You may also need to request stapled super fund details if your new worker doesn’t choose a superannuation fund.
For more information on what you need to do to fulfil your super obligations for your new workers, check out the resources below:
The information contained on this website and in this article is general in nature and does not take into account your personal situation. You should consider whether the information is appropriate to your needs, and where appropriate, seek professional advice from a financial adviser. Taxation, legal and other matters referred to on this website and in this article are of a general nature only and are based on our interpretation of laws existing at the time and should not be relied upon in place of appropriate professional advice. Those laws may change from time to time.
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