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Many individuals completing their 2020-21 tax return this tax time will have received some form of government support payments as a result of the economic fall-out from COVID-19, including the JobKeeper, JobSeeker, the COVID-19 disaster payment, or the pandemic leave disaster payment.
Read More2021 marks the beginning of annual APRA performance tests on MySuper products. The requirement was introduced a part of the government’s Your Future, Your Super reforms and is aimed at holding funds to account for underperformance and enhancing industry transparency
Read MoreUnlike the first wave of COVID-19 where the Federal government provided most of the financial help for businesses, with the new Delta variant and its associated lockdowns, the bulk of business support is now being provided through individual States.
Read MoreIndividuals earning more than $250,000 may be subject to Div 293 tax on their concessional super contributions, this is an additional 15% tax.
Read MoreWhen it comes to retirement, many of us may receive retirement income from various sources. For example, investments (inside and outside super) and social security entitlements, such as the Age Pension.
Read MoreFrom 1 July 2021, a whole raft of superannuation changes as a part of the government’s more flexible superannuation changes has come into effect.
Read MoreFrom 1 January 2022, most employers will be required to send additional information such as commencement date of employment
Read MoreA new financial year can be an opportune time to make sure you are on track to achieve your financial goals and objectives.
Read MoreDepending on the length of the lockdown, businesses may be eligible to receive a co-funded small and medium business support payment, as well as various cash grants.
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