Following confirmation from the government that legislation to extend the work test exemption to age 67 will be passed by the end of the financial year, SMSF professionals should hold off on large contributions for 65-year-old clients to extend their ability to contribute to super for longer.
There are often upsides and downsides in any piece of legislation, especially when it comes to superannuation.
The data contained on this website can help with many day to day decisions.
When I was in my 20s, I flirted with dreams of becoming a race car driver or a foreign correspondent.
The Australian Taxation Office (ATO) has issued a renewed warning to Australians about the potential ramifications of illegal early release of super.
Watch as the world population changes every second of the day or see where everyone is.
Since the news of the coronavirus broke, the human impact globally has been significant and continues to rise.
A fundamental knowledge gap is continuing to trip property investors up, leading to simple mistakes and heaping pressure on tax agents, the ATO has revealed
It might be dry old data but it's how you're county's going and it's used to make decisions that affect you every day.
It wasn't long ago that the common view was to save and invest through your working life and then retire to a portfolio that delivered at least a 5 per cent income yield every year.
Be aware: Australians are being warned that they will need half a million dollars to escape the “retirement trap” of a reduced pension due to assets meeting certain thresholds.
The ATO has outlined the ways in which those impacted by Australia’s bushfire crisis will be given relief from any outstanding tax obligations.