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...
by Team Garnet | Jan 20, 2022 | Insurance
If you have IP (income protection) insurance in your MySuper product, it’s time to check the details, including any “offset” clauses that may reduce the value of any claim Insurance within super is usually the most cost effective way for an individual to cover...
by Team Garnet | Nov 18, 2021 | Superannuation
Changes to the work test, downsizer contributions, first home super saver scheme, and the minimum threshold for super guarantee has been introduced. How will these changes to super affect you? The government has recently introduced a raft of superannuation and related...
by Team Garnet | Oct 14, 2021 | Superannuation
The ATO has announced the extension of various COVID-19 relief for SMSF trustees to the 2021-22 financial year. Due to the ongoing economic impacts of COVID-19 on large parts of Australia, in particular, those States and Territories which have had to endure lengthy...
