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MPaul(Newbie)Newbie
20 May 2024

Hi,

I am setting up a small business. There are currently no employees and I have myself as a director. Until I get large clients, I will only have myself and a family member working as directors.

Do I need to pay the director (myself) a superannuation contribution? is it mandatory? I will only have the director fee initially...

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306 views
1 replies

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Bruce4Tax(Taxicorn)Taxicorn
20 May 2024

Do I need to pay the director (myself) a superannuation contribution?


Yes - if you are paid salary or directors fees


is it mandatory?


Yes - if you are paid salary or directors fees

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Most helpful reply

Bruce4Tax(Taxicorn)Taxicorn
20 May 2024

Do I need to pay the director (myself) a superannuation contribution?


Yes - if you are paid salary or directors fees


is it mandatory?


Yes - if you are paid salary or directors fees

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Small Business - Is Director Superannuation Contribution mandatory? | ATO Community