by Jeremy Mohr | May 14, 2021 | Business, Individual, Self Managed Super Fund
The 2021-22 Federal Budget has been released. The Main Points include: Individuals The Low & Middle Income Tax Offset has been Retained for the 2021-22 Financial Year. Continuing this tax offset provides a rebate of up to $1,080 each on lodgement of an Individual...
by Jeremy Mohr | May 12, 2021 | Self Managed Super Fund
The 2021-22 Federal Budget has been released. The Main Points include: Superannuation Super Guarantee Contribution (SGC) rate on Wages is to increase to 10% on 1 July 2021. Subsequently Increase to 10.5% on 1 July 2022 and keep increasing until it reaches 12% on 1...
by Jeremy Mohr | Mar 24, 2021 | Business, Individual, Self Managed Super Fund
The ATO have announced that the Contribution Caps for Super are increasing from 1 July 2021. The new Contribution Caps will be: Concessional Cap of $27,500. (Up from $25,000) Non Concessional Cap of $110,000. (Up from $100,000) The Concessional Cap is for super...
by Jeremy Mohr | Mar 23, 2020 | Business, Individual, Self Managed Super Fund
The Federal Government has released a Second Economic Stimulus Package of $66 Billion now making their response in value of up to 9.7% of GDP. Here are the benefits you may be eligible for: -$750 Payment to Social Security, Veteran, other Income Support recipients,...
by Jeremy Mohr | Apr 4, 2019 | Business, Individual, Self Managed Super Fund
2019 Federal Budget Changes – Individuals Increase the Low and Middle Income Tax Offset from 1 July 2018 for this Current 2019 Financial Year from $530 up to a maximum $1,080 to be received on assessment. To provide an immediate benefit to assist families with...
by Jeremy Mohr | Apr 4, 2019 | Self Managed Super Fund
Remove the Work Test for People Aged 65 and 66 years from 1 July 2020 Remove the need to meet the Work Test to make voluntary superannuation contributions of both concessional and non concessional contributions by people aged 65 and 66 years from 1 July 2020. Access...
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