This article looks at changes to the superannuation rules which came into effect after 1 July 2020
The ATO has announced some technical changes to the tax return dealing with the different sections within the tax return.
This article discusses strategies to maximise Government pension entitlements in old age.
Due to the current market condition it may be a good idea to update your details with Centrelink on a more regular basis.
The following article discusses how to maximise non-concessional contributions which can be important to boost future retirement income.
Under some circumstances over 65 year olds can still trigger the bring forward rule.
A person between aged 65 to 74 may be able to put in extra contribution if the total super balance is below $300,000 at 30 June the previous year.
There is an opportunity for an additional deductible contribution for a person who has not utilised the total concessional contribution from the previous year.
Under certain circumstances using the split concessional contribution to a spouse can have some benefits.
The total super balance will affect the ability to contribute to the super fund and it's therefore important to consider managing the total super balance when the amount is close to the threshold.