As seen in Woopi News June 2024 While some Budget announcements apply immediately, it’s important to remember that not all announcements can be relied upon as they may require legislated to be passed. Individuals The budget confirmed the reductions in the individual...
Did you know that your Superannuation doesn’t automatically form part of your estate when you die? It is important to nominate who you want to receive your Superannuation; this is generally your spouse or children, but not always.
When a member of a self managed superannuation fund (SMSF) is in pension phase there is a requirement that they draw down a minimum amount throughout each financial year.
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...
In recent years Online Services for Agents (aka the Tax Agent Portal) continues to be expanded. A lot of this information is also available on your MyGov account, if you have one setup.
Starting from 1st November, when an employer starts a new employee, they now need to check if that employee has a ‘stapled’ superannuation fund. So, what does this mean?