Update of Superannuation contribution rules from July 1, 2020.
The rules around Superannuation contribution change almost every year, so it is important that taxpayers know what these changes mean to them.
Categories for Financial Planning News
More than $31bn paid under early super release
The government’s early super release scheme shows no signs of slowing down, with almost 90,000 release applications received by super funds in the first week of August and more than $700 million in payments made.
Your super fund, your choice
Choice is inherently regarded as a good thing, particularly in these COVID-affected times when some of our basic choices have had to be suspended for the greater community good.
SMSFs urged to act on compliance issues ahead of tougher penalties
SMSFs with outstanding compliance issues should consider making a voluntary disclosure while the ATO still has a more flexible approach in place and before they implement tougher admin penalties, says a law firm.
A beginner’s investment guide to long-term wealth
It's often said that starting out early on one's investing journey will deliver good long-term results.
ATO confirms important issue on pension payments
The ATO has confirmed only payments made to a member after 24 March in excess of the reduced minimum pension can be treated as a lump sum, even where a valid election was previously in place, says the SMSF Association.
How SMSF trustees navigated COVID-19 volatility
Last week, Vanguard and Investment Trends launched the 2020 SMSF Investor Report. This year's report surveyed over 3000 SMSF trustees on their investment priorities and industry outlook, providing an insight into how trustees navigated through COVID-19 volatility.
Pandemic spurs a rise in investment scams
In the current low interest rate environment, an investment product offering low-risk, high returns may sound very tempting.
Estate planning and investments
It's a question most of us ask eventually: what happens to our investments when we die?
Early release of Super extended to Dec 31
Superannuation fund members facing financial hardship have been given an extended window to access retirement savings under the early release scheme.
