In this edition we introduce you to a new look newsletter and website. Below you’ll find links to informative articles plus some practical tips to help make your job a little easier.
If you have incorrectly reported a contribution for a member and need to correct the contribution type from Concessional to Non-Concessional (or vice versa), it’s important that you correct this in the same financial year the contribution was originally made.
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Under superannuation law, employers cannot make certain contributions, such as Superannuation Guarantee (SG) contributions, on behalf of employees who have turned 70. However, we can still accept award contributions and certain other contribution types.
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As Retirement Scheme members do not receive SG contributions in the same way most other members do, we calculate a Notional Taxed Contribution (NTC) which is used by the ATO to work out whether a member has exceeded their Concessional contribution cap.
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Make your e-mails count
We receive a lot of e-mails to our Employer Online and Employer Services addresses but the text in the subject line can be confusing...
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Take a look at our new website
We have redesigned our website and you can now view your Client Relationship Manager’s (CRM) details online...
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Completing all details on the Employment Termination Advice
When an employee leaves your employment, as part of the exit process you need to send LGS an Employment Termination Advice (ETA) to notify us of their departure...
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