With JobKeeper here for a while longer, the Federal Government also announced on 23 July the extension of the early release of super program to 31 December 2020. There was no adjustment to the qualifying criteria for this program.
The Federal Government has now announced they are still committed to expanding the allowable members in SMSFs from 4 to 6 members. What does this mean for you?
The ATO has recently updated their interest rates for Limited Recourse Borrowing Arrangements for 2020/21.
As 30 June approaches, one of the items that we generally discuss with our clients, is making superannuation contributions.
Our online SMSF Masterclass is designed to help accounting and financial professionals explore the best super strategies to help clients take advantage of.
The ATO recently updated their guidelines around what constitutes a satisfactory investment strategy. Learn more about potential SMSF retirement strategies.
Author: Jason Roccasalvo, Partner, TAG Financial Services Of recent times, we have seen an uptake in SMSF trustees enquiring about using their super to participate in property development. The ATO have recently clarified their stance on SMSF and property development in their bulletin SMSFRB 2020/1. The ATO have reinforced the position that they are concerned…
By now I’m sure you have heard about the double dip and tax savings available using the COVID-19 “early release” access. They are essentially two strategies…
Author: Jason Roccasalvo, Partner, TAG Financial Services Our 5 Part – Super Client Strategies, are designed to be used with your clients straight away. In Part 1, we focus on pension changes and how this can be used effectively and successfully. The markets have seen a significant reduction in capital, and no one has been…
by Tony Rule, Partner, TAG Financial Services There have been a number of announcements made by various government departments and industry over the last two weeks, but particularly on Friday and the weekend. The following summary brings together the main points from those announcements to the extent that they affect small and medium sized businesses….
by Jason Roccasalvo, Partner, TAG Financial Services The Federal Treasurer announced yesterday (22 March) the following measures that have a direct impact on superannuation: Pension Reductions The immediate reduction of pension minimums for the 2019/20 and 2020/21 financial years. Some may recall a similar measure during the GFC between 2009 – 2013. The announced reduction…
The Federal Government recently released draft legislation to change the work test requirements for older Australians. The draft legislation proposes to increase the work test age from 65 to 67. This will mean that, for example, a 66 year old will now be able to make a non-concessional contribution, or a personal deductible contribution, without…