The 1 July 2021 superannuation changes
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. In general,…
Calculating Super Guarantee: The new rules
From 1 July 2020, new rules will come into effect to ensure that an employee’s salary sacrifice contributions cannot be used to reduce the amount of superannuation guarantee (SG) paid…
Super, insurance and exit fees: The 1 July changes
From 1 July 2019, new laws prevent superannuation providers from eroding member balances with unwanted or unnecessary insurance and exit fees. Plus, inactive accounts with low balances will be moved…
Super Guarantee
Make quarter 2, 2017-18 super guarantee contributions to funds by 28th Jan 2018. Employers who do not pay minimum super contributions for quarter 2 by this date must pay the…
SMSF – Related Party Borrowings
The ATO has released a taxation determination regarding how it will apply the non-arm’s length income (‘NALI’) rules to income generated from assets purchased by an SMSF using a related…
Superannuation changes passed by Parliament
The government's extensive changes to the taxation laws regarding superannuation were passed by Parliament on 23 November 2016. According to the Treasurer, Mr Scott Morrison: "The superannuation reform package better…