On 6 March 2020, the government introduced superannuation guarantee amnesty (SG amnesty) received royal assent.
Superannuation Guarantee Amnesty
Superannuation Guarantee Amnesty
On 6 March 2020, the government introduced superannuation guarantee amnesty (SG amnesty) received royal assent. An employer will be able to benefit from this one-off amnesty by disclosing and paying previously unpaid super guarantee charge (SGC) for quarters starting from 1 July 1992 to 31 March 2018. In addition, payments of SGC made to the…
BGL Partners with TAG
BGL has partnered with TAG Financial Services to release a Fact Find Document Pack in Simple Fund 360. TAG Financial Services have partnered with BGL to release a Fact Find Document Pack in Simple Fund 360. TAG Partner, Jason Roccasalvo explains, “our partnership with BGL produces great results as we combine our technical, day-to-day knowledge with…
COVID-19: TAG’s approach to looking after you and our team
At TAG, our priority is the health and well being of our clients and our team. Whilst there is currently no direct impact on TAG’s service, we are putting in precautionary measures to minimise any COVID-19 risks…
ATO support for businesses impacted by COVID-19
Further to the Stimulus Package announced last week by the Australian Government to combat the economic impact of the COVID-19, the ATO have now advised the following…
Government Economic Response to COVID-19
Last week, in response to the recent Coronavirus (Covid-19) outbreak, the government announced a stimulus package intended to support business and consumer confidence, employment and business continuity.
Industry Funds – how do they compare?
One of Australia’s biggest Industry Funds increased their fees from 30 March 2019 and is set to do so again on 1 April 2020.
Liquidity Issues with Super Funds on Death
Many trustees of super funds invest in assets which have limited liquidity – classic example being in property. Where a Limited Recourse Borrowing Arrangement (LRBA) is utilised for a SMSF to borrow to buy a property, the death of a member can place significant strain on the liquidity of the fund. Where such a fund…
Get a free holiday every year for the next 30 years
Interest rates are at historical lows, lenders are fiercely competitive; and our customers are winning.
What happens when you come into a windfall?
SBS’s Insight recently aired an episode (18 Feb 2020) talking to various people who had received windfalls – from inheritance, lottery game show wins and the like. Read this article to discover what we learned.
Changes to CGT main residence exemption for expats
The Federal Government has passed a law that basically eliminates the CGT exemption for main residences to Australians living overseas.
Making up on lost time – with unused concessional contributions cap
Announced and legislated prior to 30 June 2017, members had to wait an additional 24 months to effectively see the commencement of implementation of “catch up” contributions. The measure is available to individuals with total superannuation balances (TSB) of less than $500,000, who can increase their concessional contributions cap in the financial year by applying…