As seen in Woopi News May 2023 The end of the low and middle income tax offset. Starting back in the 2018/19 financial year and extended throughout the pandemic, the low and middle income tax offset reduced tax payable by between $255 - $1080 for individuals earning...
Blog / Superannuation Guarantee
Superannuation Guarantee Is Rising
From 1 July 2022 the superannuation guarantee (SG) rate will increase from 10% percent to 10.5%. The rate will also increase a further half a percent each year until it reaches 12% in 2025.