Super Fund Updates
As part of its 2019-2020 budget the government announced changes to the contributions rules to allow older Australians greater flexibility to make contributions into their super fund. The changes were introduced into parliament in separate bills in March and May 2020 and importantly relate to: Amending the work test requirement from age 65 to 67 […]
Superannuation Yearend Planning
As we draw closer to 30 June 2020 it is important to consider tax planning strategies as well as other administrative duties for your money in superannuation. Contributions Concessional contributions Concessional contributions cap for the 2020 FY is $25,000 and the deposits must be received into the Super Fund prior to 30 June 2020. When […]
