Aug 5, 2021 | Superannuation
Employers beware: increase in super guarantee From 1 July 2021, the rate of super guarantee increased from 9.5% to 10%. Businesses using manual payroll processes should be careful that this change doesn’t lead to unintended underpayment of super, which may attract...
May 12, 2021 | Superannuation
Superannuation contributions work test to be repealed from 1 July 2022 The superannuation contributions work test exemption will be repealed for voluntary non-concessional and salary sacrificed contributions for those aged 67 to 74 from 1 July 2022. As a result,...
Mar 28, 2021 | Superannuation
Having insurance through superannuation can be a tax-effective and cost-effective way of protecting yourself and your loved ones. Most funds offer three different types of insurance through super, each covering different contingencies: life insurance, total and...
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...
