The federal budget wasn’t expected to be overflowing with changes to superannuation and yet the outcome delivered by the Treasurer, Josh Frydenberg confirmed this to be the case. We had already seen the Government announce a measure from 1 July 2020 to boost the ability for members aged 65 and 66 to be able to…
With an election just around the corner, this year’s federal budget is expected to be lined with sweeteners. Even before the budget is delivered we have seen the Treasurer announce a boost for those closer to retirement (or in early stages of retirement) to be able to make both concessional and non-contributions into superannuation. From…
The ATO on 4 March 2019 have published the super rates and thresholds for the upcoming 2019/20 financial year. There is no change to the concessional contribution (CC) cap of $25,000. Whilst indexation from 1 July 2017 increases in $2,500 increments, the AWOTE indexation was insufficient to trigger and increase. As a result, there…
With Parliament now having risen for the Christmas/New Year break, there remains a whole raft of Bills that are yet to pass both houses that play a significant role across superannuation and SMSF reforms. The table below outlines a range of announcements and measures that remain unresolved at the end of 2018. Matter Status…
