Categories
Superannuation
Is it worth salary sacrificing into super?
Salary sacrificing into super can be a smart way to enhance retirement savings and reduce taxable income. This article explores the benefits and considerations to determine if it’s worth it for you.
... read moreAccessing money in your SMSF
Discover the risks and regulations around accessing money in your SMSF. Understand how to avoid illegal schemes and ensure your superannuation stays secure and compliant with ATO guidelines.
... read moreHow to take advantage of the 1 July super cap increase
Discover essential strategies to benefit from the increased superannuation contribution caps starting 1 July 2024. Boost your retirement savings now!
... read moreGet super guarantee (SG) contributions back on track
Super Guarantee contributions and SGC liabilities. When are the deadlines? Seek expert help from our team for compliance.
... read moreWorkers owed $3.6bn in super guarantee
Uncover the ATO’s approach to tackling the $3.6 billion superannuation gap. Key insights on STP data matching, SGC, and employer compliance.
... read more30% tax on super earnings above $3m
Proposed Superannuation Tax Changes: Draft legislation increases tax rate on above $3m super balances. Those impacted should assess their personal impact. Stay tuned for updates.
... read moreLegislating the ‘objective’ of super
The proposed objective of superannuation released in recently released draft legislation is: ‘to preserve savings to deliver income for a dignified retirement, alongside government support, in an equitable and sustainable way.
... read moreFuture earnings for super balances above $3m taxed at 30% from 2025-26
The Government has announced that from 2025‑26, the 15% concessional tax rate applied to future earnings for superannuation balances above $3 million will increase to 30%.
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