by Team Garnet | Jun 9, 2022 | Superannuation
Considering making a personal contribution to super and would like to claim a deduction on the contributions made? Remember to give the required notice! If you are considering making a personal contribution to your super and would like to claim a deduction on the...
by Team Garnet | May 18, 2022 | Assistance, Superannuation
Due to COVID-19, trustees of a Self Managed Super Fund may provide or accept certain types of relief, which constitute contraventions of the super laws, the ATO is offering support to SMSF trustees. You may also have been stranded overseas because of travel bans,...
by Team Garnet | May 6, 2022 | Superannuation
Employers take note, the ATO could soon be taking a tougher stance in addressing super guarantee non-compliance. The Australian National Audit Office (ANAO) has recently issued a report on the results of an audit conducted on the effectiveness of ATO activities in...
by Team Garnet | Apr 13, 2022 | Investments, Money, Superannuation
The maximum amount that first home buyers can take out of their super under the FHSS scheme will be increased to $50,000 from 1 July 2022. Cost of living pressures coupled with high house prices means that many people in Australia are finding it increasingly difficult...
by Team Garnet | Mar 31, 2022 | Money, Small Business, Superannuation
From 1 July 2022, the minimum threshold at which an employer has to pay super under the super guarantee scheme will be removed. How will it benefit you? Low-income employees should rejoice that the minimum threshold at which an employer has to pay super under the...
by Team Garnet | Mar 17, 2022 | Superannuation
The downsizer age limit will be lowered from 1 July 2022. If you’re thinking of downsizing, you can boost your super at the same time. To help those nearing retirement boost their super balances, those aged 65 and over are able to make downsizer contributions of up to...