Welcome to our latest newsletter, Budget Edition, in which we provide a brief summary of super and retirement related measures. Please remember that the following budget announcements are not yet law. Reducing the eligibility age for downsizer contributions The eligibility age to make downsizer contributions into superannuation is set to be reduced from 60 to 55 years of age. All... More Information ▶
Welcome to our latest newsletter, Director ID Edition, in which we remind you of an important deadline coming up. About Director ID All company directors are now required to apply for a Director ID. A director identification number (‘Director ID’) is a unique identifier given to a director who has verified their identity with Australian Business Registry Services (‘ABRS’). The... More Information ▶
Welcome to our latest newsletter, Budget Edition, in which we consider the main items in the budget handed down on 29 March 2022 that may impact our super clients. Extension of the temporary reduction in super minimum draw down rates The Government has extended the 50% reduction of the superannuation minimum drawdown requirements for account-based pensions and similar products for... More Information ▶
Welcome to our latest newsletter, End of Financial Year Edition, in which we provide you with a brief checklist of items to consider. Contributions A brief reminder of some of the types of contributions you may have the opportunity to make by 30 June 2022: Concessional contributions up to $27,500 pa;Non-concessional contributions (so long as Total Super Balance at 30... More Information ▶
Welcome to our first update for 2022, in which we outline the key super measures that have recently been passed by both Houses of Parliament. Once Royal Assent is given, most of these changes will apply from 1 July 2022 Changes to the Work Test The work test requires individuals over the age of 67 to be gainfully employed for... More Information ▶
