Downsizer contributions
No need to actually ‘downsize’ for ‘downsizer contributions’ Measure announced in 2017/18 Federal Budget aims to provide incentive for older Australians to ‘downsize’ their home. From 1 July 2018, individuals aged Read More…
No need to actually ‘downsize’ for ‘downsizer contributions’ Measure announced in 2017/18 Federal Budget aims to provide incentive for older Australians to ‘downsize’ their home. From 1 July 2018, individuals aged Read More…
New superannuation rates and thresholds released The ATO has published key super rates and thresholds for the 2018/19 income year. The Non-Concessional Contributions cap will remain at $100,000 (although transitional arrangements Read More…
Lump sum payments for healthcare practitioners If you are a healthcare practitioner, you may receive lump-sum payments. It is important to know how to treat these correctly when received. As part of the Read More…
You may be able to use your super to help make the most of your money Whether you’re buying your first home or you’re ready to downsize, these two new Read More…
Taxpayer can’t explain where money from to pay expenses The Administrative Appeals Tribunal has upheld amended assessments issued by the ATO to a beauty technician, based on the high volume of Read More…