May 2016 Budget – changes for superannuation
There are number of changes in the May 2016 Budget affecting superannuation: The Division 293 contributions tax threshold has been ...
SMSF residency conditions
Some people have found their SMSF to be non-complying because they have taken an extended work placement or working holiday ...
New SMSF members are getting younger
According to the ATO website, as at 30 June 2015, the average and median age of members of newly-established funds ...
Eligibility for government Super Co-Contribution
To assist eligible individuals save for their retirement, the government will match personal (after-tax) superannuation contributions made up to certain ...
About the Low Income Super Contribution (LISC)
The government also provides a low income super contribution of up to $500 annually for eligible individuals on adjusted taxable ...
Excess Concessional Contribution charge explained
An excess concessional contribution (ECC) charge is applied to the additional income tax liability arising as a result of having ...
