Super legislation changed on 2nd October 2019 whereby super funds with low balances i.e. below $6,000 are to be protected from insurance premiums eroding the fund balance. Trustees of funds are required to write to fund members requesting whether
Archives for December 2019
Introducing Blake Mitchell
Blake joined our firm on 1st July 2019, He is currently completing his Bachelor of Commerce and International Studies at Wollongong University. Blake is truly a local - living only a ten 10 minute walk from the office. We are happy to say
Proposed removal of the CGT main residence exemption for foreign residents
The Government is currently considering removing the main residence exemption for taxpayers who are foreign residents when they sell their property. Many taxpayers who move overseas, rely on the 6 year absence to rule to sell their property which
Salary sacrificed super – info for Employers
Your employees can ‘sacrifice’ part of their wages into super contributions under an agreement with you. From 1 January 2020, salary sacrificed super contributions cannot be used to reduce your super guarantee obligations, regardless of the amount