Individuals With 2 Or More Employers May Apply To Reduce Their SGC If They Are Going To Exceed Their Cap

Individuals with more than one employer, who expect their employers’ compulsory super contributions will exceed their annual concessional contributions cap for a financial year, will be able to apply for an exemption certificate to release some of their employers from their SG obligations.

Individuals will still need to receive SG payments from at least one employer.

From 21 October 2019, eligible individuals will be able to download an application form from ato.gov.au.

The information in this blog is intended only to provide a general overview and has not been prepared with a view to any particular situation or set of circumstances. It is not intended to be comprehensive nor does it constitute advice. While we attempt to ensure the information is current and accurate we do not guarantee its currency and accuracy. You should seek professional advice before acting or relying on any of the information in this blog as it may not be appropriate for your individual circumstances.

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