The ATO is now using Single Touch Payroll (STP) to cross-check if employers are paying Superannuation Guarantee on time.
The general transfer balance cap (TBC), money held in tax-free retirement account, will increase by $200,000 on 1 July 2023 to $1.9 million.
From 2025‑26, the 15% concessional tax rate applied to future earnings for superannuation balances above $3 million will increase to 30%.
From 1 January 2023, those 55 and over can make a ‘downsizer’ contribution to their superannuation.
Clients with self managed superannuation funds (SMSF) often ask what collectibles their SMSF can acquire, but first, we have to ask why.
It is often expected that young people know what superannuation is when they enter the workforce.
A Self Managed Super Fund (SMSF) is a private super fund that you manage yourself to provide retirement benefits to you and your family.
When you pass away your superannuation does not automatically form part of your estate. Instead it's paid to your eligible beneficiaries.
Did your super fund receive a compensation payment? Is a financial services compensation payment to your superannuation fund a contribution? Of late, there have been several compensation payments made by…
Changes from 1 July 2021 will impact on how much money you can contribute to superannuation and how much you can have in your retirement phase superannuation account.