Labor’s Super Tax Concessions
May 5th 2025
Now that the Labor government has secured re-election, It is likely that one of its most controversial superannuation reforms is officially going ahead. The Division 296 tax, set to commence from ..
May 5th 2025
Now that the Labor government has secured re-election, It is likely that one of its most controversial superannuation reforms is officially going ahead. The Division 296 tax, set to commence from ..
May 5th 2025
What You Need to Know The 2024–25 financial year brings updates to superannuation contribution caps, impacting how much individuals can contribute to their Self-Managed Super Funds (SMSFs). With..
July 5th 2022
With the end of the financial year upon us, these Superannuation tax planning strategies and task need to be finalised before 30 June 2022. Contributions Super Guarantee Effective July 1..
April 1st 2022
With the backdrop of natural disasters, continuing waves of COVID-19 infections, ongoing labour market challenges, supply-chain constraints, and potential for rising inflation, short term measur..
August 25th 2021
The Tax Office is now using information received from superannuation funds sent when they receive superannuation guarantee (SG) contributions for employees and information via Single Touch Payroll (S..
June 9th 2021
As an employer, you should by now be ready to implement the +0.5% superannuation rate increase effect July 1 2021. If not, you need to urgently; Review your employee contracts or agreements to det..
February 3rd 2021
Since our previous article about paying your Superannuation on time, we have received a few questions regarding Super Guarantee Charge issues. Below are some answers and tips to the top 5 most freque..
December 14th 2020
This is a reminder that employers need to pay their super guarantee obligations on time otherwise, they could be up for significant penalties. Super guarantee contributions must be made to a co..
September 15th 2020
The Tax Office has revealed that there was a jump in the number of auditor contravention reports issued during the 2020 financial year with a total of 36,716 contraventions reported by 12,664 self-ma..
March 31st 2020
On 22 March 2020 the Federal Government announced that the minimum pension drawdown rates would be halved for the 2019/2020 and 2020/2021 financial years. This is due to many retirees losing a signifi..