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 ...
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 ...
Refund option for excess super contributions
The refund option for excess superannuation concessional contributions up to $10,000 has now been passed as law. As a result, ...
Changes to tax on employment termination payments (ETPs)
As announced in the 2012 Federal Budget, as of 1 July 2012, the Government proposes that current Employment termination payment ...
Deferral of higher concessional contributions cap for individuals aged 50 and over
As at 1 July 2012, all individuals have a cap of $25,000 for all concessional superannuation contributions. Previously people over ...
