Superannuation

April 2021 Client information Bulletin

Welcome to our April 2021 Client information Bulletin Contents The 1 July 2021 Superannuation changes ATO targets profits of professional service firms Tax treatment of JobKeeper payments handed back to ATO JobMaker fails to boost employment Unemployment rate at pre COVID-19 levels National licence recognition for tradies The 1 July 2021 Superannuation changes Changes from…

Minimum Pension Reduction – 30 June 2020 & 30 June 2021

The government has halved the minimum pension drawdown requirements for the 2019-2020 and 2020-2021 financial years.  The reduced pension drawdown requirements are aimed at helping preserve the capital in an individual’s pension account. This halving of the minimum pension annual drawdown requirement applies to individuals with account based pensions, allocated pensions or market linked pensions…

Non-Concessional Contributions (no tax deduction)

Client alert re superannuation changes

Client Alert – Protecting your super reforms from 1 July 2019 To protect the super balances of all Australians being eroded by unnecessary fees and costs, the Federal Government has introduced the “Protecting Your Super” reforms which passed parliament on 18 February 2019. This new legislation will apply from 1 July 2019. It includes cancelling insurance for inactive members,…