When selling a long-held family home, the “Downsizer Contribution” is one of the most powerful tools available to boost your superannuation. It allows you to inject a significant lump sum into a tax-effective environment, even…
With the 1 July 2026 start date just four months away, the transition to “Payday Super” is no longer a future concept, it is a live implementation project. The legislation is now law, and the…
The shift to Payday Super is officially set to take effect. This is a critical change for all Australian employers that requires some preparation to avoid penalties and ensure a smooth transition. Here is what…
As of 1 July 2025, the superannuation guarantee (SG) rate increased to 12%, marking the final stage of previously legislated increases. This is an important milestone for both employers and employees, reinforcing the need to…
The Federal Government has proposed a new superannuation tax, Division 296, which could see individuals with large super balances paying an additional 15% tax on earnings. While not yet law, the proposed measure has generated…
ATO data analysis has revealed that over 16,500 self-managed superannuation funds (SMSFs) have reported assets that have had the same value for three consecutive years. With many of these assets residential or commercial Australian property,…
Australians love property and the lure of a 15% preferential tax rate on income during the accumulation phase, and potentially no tax during retirement, is a strong incentive for many SMSF trustees to dream of…
Just because an agreement states that a worker is an independent contractor, this does not mean that they are a contractor for tax and superannuation purposes, new guidance from the ATO warns. Where there is…
Workers are owed over $3.6 billion in superannuation guarantee according to the latest Australian Taxation Office estimates – a figure the Government and the regulators are looking to dramatically change. Superficially, the statistics on employer…
Global equity markets are down sharply year-to-date, as US bond yields, gold and oil rose and the Ukraine conflict escalated dramatically following Russian military action. This came as markets also priced a significant Fed hiking…
