Low income superannuation contributions (LISC)
From 1 July 2012, individuals earning up to $37,000 will effectively not pay any tax on their …
Collectables and personal use assets
As previously reported - on 1 July 2011, rules were introduced into the Superannuation Industry (Supervision) Act 1993 (SIS Act) ...
Increased Concessional Cap for Over 50’s
As announced in the 2011 Federal Budget, the Government will increase the concessional contributions cap by $25,000 to $50,000 for ...
Increased ATO Levy
In the 2011 Federal Budget, the Government announced an increase in the annual ATO levy from $150 to $180 per ...
Minimum Pension Drawdown
In the 2011 Federal Budget, the Government announced a reduction in the minimum annual pension drawdown amounts by 25% for ...
Excess Contributions Tax Refund
For breaches of the concessional contributions cap, the Government announced in the 2011 Federal Budget that where the breach is ...
