In an effort to reduce pressure on housing affordability, the government wants to encourage older Australians to sell their home in order to improve housing stock. To achieve this, the […]
Individuals with income and super contributions above $250,000 are subject to an additional 15% Div 293 tax on their “low tax contributions” (ie concessional contributions). Concessional contributions include all employer […]
The government is getting tough on employers who fail to make compulsory superannuation guarantee (SG) contributions. A host of measures are being implemented, ranging from improved reporting systems through to […]
The ATO has begun issuing determinations for individuals who exceeded their concessional super contributions cap in 2017-18. Concessional contributions include all employer contributions, such as the 9.5% superannuation guarantee and […]
As technology improves, there’s a continual move towards real-time data for enhanced and timely administration of the tax system, particularly in the superannuation sector. The ATO is leveraging this real-time […]
It’s been a little over a year since the dual changes of the pension transfer balance cap and the reduction of tax concessions for transition to retirement pensions were implemented […]
Superannuation and separation: Who keeps the money? A divorce from your husband or wife, or a separation from your de facto, could mean a division of your assets and debts, […]
Who is the boss of your super? It’s tempting not to think too much about your super when retirement is still a long way off. After all, it’s growing just […]
Could your home deposit be helped by your super? It’s no secret that saving for a house is tough. Raising the money for a deposit can seem to take forever, […]
How to help ensure your superannuation contributions don’t exceed the caps Changes in the superannuation contribution caps, which kicked-in last year, give an added reason to keep a close eye […]
