I was hoping you may have a better understanding of the new increase to the superannuation guarantee.

My son works for a large company who classifies him as a “Freelancer”.

His previous payslips show a Weekly Gross amount as agreed upon (based on a daily rate x 5) – less tax = Net and then an additional Supa amount based on 9.25% of his Gross figure.

He does not receive any sick or annual leave entitlements. Since the increase to 9.5% his net has decreased and he tells me this is because of the new Supa change!

I believe that if his Supa was calculated on the gross previously (not Gross including Supa) then that is how it should remain. Am I missing something?

I have eight grandchildren from age ten down to 14 months.

When they were born I immediately opened a bank account in there name using my partner as trustee for the bank account. Both parents and ourselves top up there accounts each month.

Unfortunately when I opened the chess account I put the chess register under my name as trustee for each child. My problem is I still earn a income and my partner does not.

Who pays the tax if I sell the shares – my partner or me?

This problem came about because I purchased LNG shares at .38c for the two oldest children and they are now $3.25 and

I want to sell half.

They have only held these shares for five months.

Also should I have set up a proper trust and include all the grandchildren with in the one trust?