by HFB Group | May 15, 2021 | July '21 Update - Your Superannuation
Contribution Caps – Increase from 1 July 2021 As previously announced, the Contribution Caps will increase from 1 July 2021 – with concessional (deductible) contributions increasing from $25,000 to $27,500; and non-concessional (after-tax) from $100,000 to $110,000....
by HFB Group | May 15, 2021 | July '21 Update - Your Superannuation
Work test repealed for voluntary superannuation contributions. Date of effect The first financial year after Royal Assent of the enabling legislation Expected to be 1 July 2022 Individuals aged 67 to 74 years will be able to make or receive non-concessional or salary...
by HFB Group | May 15, 2021 | July '21 Update - Your Superannuation
Contribution Caps – Increase from 1 July 2021 As previously announced, the Contribution Caps will increase from 1 July 2021 – with concessional (deductible) contributions increasing from $25,000 to $27,500; and non-concessional (after-tax) from $100,000 to $110,000....
by HFB Group | May 15, 2021 | July '21 Update - Your Superannuation
SMSF residency tests relaxed Date of effect The first financial year after Royal Assent of the enabling legislation Expected to be 1 July 2022 The residency rules for Self Managed Superannuation Funds (SMSFs) and small APRA regulated funds (SAFs) will be relaxed by...
by HFB Group | May 15, 2021 | July '21 Update - Your Superannuation
SMSF legacy product conversions Date of effect The first financial year after Royal Assent of the enabling legislation The Government is not proceeding with the measure to extend early release of superannuation to victims of family and domestic violence. Click here to...
by HFB Group | May 15, 2021 | July '21 Update - Your Superannuation
Early release of super scheme for victims of domestic violence not proceeding The Government is not proceeding with the measure to extend early release of superannuation to victims of family and domestic violence. Click here to learn about other 2021...
