On 22nd March 2020, the government announced a 50% reduction in the minimum income drawdown from account-based pensions and similar retirement products for the remainder of the 2019-20 and 2020-21 financial years.
We always knew that a Government scheme swiftly distributing cash during a crisis was going to come with equally swift compliance and review measures, particularly when eligibility was self-assessed. Two major Australian Taxation Office (AT…
During market downturns, investors are typically advised to stick with their existing asset allocation that is based on a risk profile, rather than crystalise their losses. The advice is offered in the hope that the downturn will be short l…
As we move into the last two weeks of the current financial year, here is a summary list of the tax and super changes that come into effect on 1 July.
As we move into the last two weeks of the current financial year, here is a summary list of the tax and super changes that come into effect on 1 July.
Today, approximately 500 super funds are operating in Australia, with assets approaching $3 trillion. Superannuation is either the largest single asset held by Australians or the second most valuable asset behind the family home. Making the…
The end of the financial year is fast approaching. Now is a great time to prepare and seek additional advice on the management of your superannuation and tax.
The end of the financial year is fast approaching. Now is a great time to prepare and seek additional advice on the management of your superannuation and tax.
The federal government’s COVID-19 support measures contain a range of specific requirements for Self-Managed Super Funds (SMSF). This article outlines the relevant measures and how to manage them.
The federal government’s COVID-19 support measures contain a range of specific requirements for self-managed super funds (SMSF). This article outlines the relevant measures and how to manage them.