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Labor’s third Budget was widely expected to focus on cost of living. This was delivered in the form

Australia is currently amidst a debate about tax changes. We’d like to clarify what’s happening in case you’re

The 2022/23 financial year is unique as it is the first time, many older Australians have the opportunity

In 2022/23 SMSF trustees should no longer be relying on any ATO relief relating to the ongoing impacts

Minimum pension payments It is important to reconcile all pension payments received from retirement income streams to ensure

The FHSSS allows an eligible individual to withdraw a maximum of $50,000 of voluntary contributions (plus associated earnings/less

Since the introduction of the TBC regime, spouse equalisation strategies have become an increasingly useful way for couples

The SG rate for 2022/23 is 10.5% of an individual’s ordinary times earnings and is set to increase

From 1 January 2023, the minimum age to make a downsizer contribution was reduced to 55, allowing more

NCCs continue to present a great opportunity for individuals to transfer more wealth to the concessionally taxed superannuation

The annual CC cap in both 2022/23 and 2023/24 is $27,500. However, individuals may have a higher CC

When the work test was embedded in the SIS Act, it served as a prerequisite to allowing a

1 July 2022 saw a relaxation of the contribution rules to allow anyone up to the age of

The lead up to 30 June 2023 provides an opportunity to revisit a member’s TSB as at 30

Housing (build-to-rent developments) – accelerating tax deductions and reducing managed investment trust withholding tax rate From Budget night

Aged care regulatory reform The government has committed to provide over $300m in additional funding over 5 years

Increase to Working Age Payments From 20 September 2023 The government has announced it will provide additional funding

Small business support – $20,000 instant asset write-off From 1 July 2023 The government has announced it will

No announcement to change legislated ‘stage 3’ tax cuts From 1 July 2024 The former government legislated three

Energy price relief plan From July 2023 The government has announced it will provide funding, and partner with