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...
by Jeremy Mohr | May 15, 2018 | Business, Individual, Self Managed Super Fund
Want to Save Tax Now? Let Us Give You Direction. The 2018 Budget has pushed most of the proposed tax benefits to 2023 and 2025 financial years. How do you save tax now? Do the following Options Apply to You? Making Personal Super Deductions is a great way to Save Tax!...
by Jeremy Mohr | May 10, 2018 | Self Managed Super Fund
Exemption from the Work Test To Make Personal Contributions in the First Ineligible Year From 1 July 2019, the Government plans to provide an exemption from the Work Test for people aged 65 to 74 for voluntary contributions to superannuation where there superannuation...