Individuals aged 67-74 now have greater opportunity to contribute to super with the following changes: the removal of the work test for personal (after-tax) contributions and salary sacrifice contributions, and an increase to the amount of after-tax contributions that may be made within a single financial year. Removal of work test Prior to 1 July […]

The Australian Government provides a range of social security benefits to assist certain individuals and families. The type and amount of benefits you can receive depend on your personal and financial circumstances and your stage of life. Common benefits that retirees may be entitled to include the Age Pension, Service Pension, Pensioner Concession Card, and […]

According to the Australian Securities and Investments Commission (ASIC), there has been a surge of promoters encouraging individuals to set up self-managed superannuation funds (SMSFs) in order to invest in crypto-assets. ASIC warns people to be aware that while crypto-asset investments are allowed for SMSFs, they are high risk and speculative, as well as being […]

On Tuesday, 29 March 2022 Treasurer Josh Frydenberg handed down the 2022-2023 Federal Budget covering a range of measures aiming to reduce pressure from increased costs of living and help more people into homes. Strong economic recovery is well underway, notwithstanding the COVID-19 Pandemic and new shocks, such as the recent floods and Russian invasion […]