Self Managed Super Fund Articles
2021 Federal Budget
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...
2021 Federal Budget – Superannuation
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...
Contribution Caps Increasing from 1 July 2021
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...
2020 2nd Stimulus Package
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,...
2019 Federal Budget Changes
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...
2019 Federal Budget Changes – Superannuation
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...
2018 Tax Planning Options (Video)
https://youtu.be/Pp31pg54LN4
2018 Tax Planning Options
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!...
2018 Federal Budget Changes – Superannuation
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...
2018 Federal Budget Changes
Personal Tax Cuts in a 3 Step Plan to be Implemented Over 7 years Step 1: Target Relief for Low and Middle Income Earners The government will introduce the Low and Middle Income Tax Offset (LAMITO) which is a non-refundable tax offset of up to $530 per year made...
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