Dec 2, 2020 | Money, Self Managed Super Funds, Superannuation
Two additional Economic Support Payments of $250 each will soon be available to people who get any one of the following: Age Pension; Carer Allowance; Carer Payment; Commonwealth Seniors Health Card; Disability Support Pension; Double Orphan Pension; Family Tax...
Sep 5, 2020 | Superannuation
The Assistant Minister for Superannuation Senator Jane Hume has welcomed the recent amendments to Australia’s superannuation regulations that allow more people to make voluntary superannuation contributions from 1 July 2020. The changes allow people aged 65 and 66 (ie...
May 4, 2020 | Superannuation
The ATO has released its application form for the early release of superannuation by individuals impacted by COVID-19. From 20 April, an individual can make one application to access up to $10,000 of their super (tax-free) in the 2019–2020 financial year, and a second...
Mar 10, 2020 | Superannuation
A superannuation guarantee loophole that allowed employers to use salary sacrificed contributions to make up part of their required super guarantee contributions has been closed. From 1 January 2020, employers must make the full amount of mandatory super guarantee...
Feb 3, 2020 | Superannuation
With all the pandemonium of the new year, your super is probably the last thing on your mind. However, this is precisely the right time to think about implementing some strategies to increase your super for the coming year. With some simple, no-cost strategies such as...
Dec 17, 2019 | Superannuation
WATCH OUT – Director Penalties for Unpaid Super – CHANGES TO THE LAW Company Directors can be held personally liable for a company’s unpaid employee superannuation. The unpaid superannuation is (after three months) payable to the ATO as a Superannuation Guarantee...