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Super Technical Updates
Although the Federal Budget was subdued in terms of superannuation announcements, the references to super will create change within the industry.
Employers wishing to participate in the superannuation guarantee amnesty have until 7th September 2020 to apply to participate. So you need to act now!
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?
As 30 June approaches, one of the items that we generally discuss with our clients, is making superannuation contributions.
The ATO recently updated their guidelines around what constitutes a satisfactory investment strategy. Learn more about potential SMSF retirement strategies.