Feb 25, 2022 | Federal Budget 2021, Superannuation
From the Tax & Super Australia Newsroom Several superannuation proposals announced in the 2021 Federal Budget were introduced into Parliament in the Treasury Laws Amendment (Enhancing Superannuation Outcomes for Australians and Helping Australian Businesses...
Nov 26, 2021 | Employers, Superannuation
If you are recruiting new employees you need to know about some changes. When a business hires a new employee, the Choice of Fund form is used to identify where the employee wants their superannuation to be directed. If the employee does not identify a fund, generally...
Oct 22, 2021 | Investment Property, Superannuation, Taxation
One of TSP’s long term clients, aged 65 and retired, came to TSP for some advice relating to the sale of an investment property. The property had been owned for over 10 years with capital gains tax required upon its sale. TSP immediately conducted several...
Jul 1, 2021 | retirement, Small Business, Superannuation
Super guarantee rate increase to 10% On 1 July 2021, the Superannuation Guarantee (SG) rate will rise from 9.5% to 10% – the first rise since 2014. It will then steadily increase each year until it reaches 12% on 1 July 2025. The 0.5% increase does not mean that...
Jun 1, 2021 | Superannuation, Taxation
The end of the 2020/21 financial year is fast approaching and with company tax rates for eligible small businesses to reduce from 26% to 25% there is an additional incentive to undertake some tax planning before it is too late. With eleven months of the financial year...
May 17, 2021 | Self Managed Super Funds, Superannuation
We often get questions from clients about what they can and cannot do in their SMSF. Often the questions relate to related party transactions – that is, interactions between the SMSF, its assets, and its members (or relatives of members). We’ve set out some of the...
