by admin | May 16, 2022 | Uncategorized
Work-test repeal – enabling those under 75 to contribute to super Currently, a work test applies to superannuation contributions made by people aged 67 or over. In general, the work test requires that you are gainfully employed for at least 40 hours over a 30 day...
by admin | May 16, 2022 | Uncategorized
Home loan guarantee scheme extended The Home Guarantee Scheme guarantees part of an eligible buyer’s home loan, enabling people to buy a home with a smaller deposit and without the need for lenders mortgage insurance. An additional 25,000 guarantees will be...
by admin | May 16, 2022 | Uncategorized
Superannuation Guarantee increase to 10.5% The Superannuation Guarantee (SG) rate will rise from 10% to 10.5% on 1 July 2022 and will continue to increase by 0.5% each year until it reaches 12% on 1 July 2025. If you have employees, what this will mean depends on...
by admin | Mar 30, 2022 | Articles of Interest, Uncategorized
2022 Budget – Superannuation Superannuation pension drawdowns – 50% reduction extended to 2022-23 The temporary 50% reduction in minimum annual payment amounts for superannuation pensions and annuities will be extended by a further year to 30 June 2023....
