From 1 July 2022, the $450 per month threshold for super guarantee eligibility will be removed. The change will expand the coverage of SG to eligible employees regardless of their monthly pay.
This year’s Federal Budget covers a range of measures aiming to stimulate business, reduce the pressure from increased costs of living and help people into homes.
The Government announced a number of proposed changes to super and SMSFs in this year’s Federal Budget (2021-22) that are relatively straightforward or have gone through a period of consultation.
Find out if your business might benefit from the temporary full expensing or loss carry back incentives in response to the COVID-19 pandemic.
Extension announced to the temporary reduction in superannuation minimum drawdown rates. This is an extension of the measure that was introduced in 2020 as part of the government’s response to COVID-19.
To help create jobs and confidence after COVID-19 created the first recession since 1990, the Federal Government has just released a big-spending 2021-22 Federal Budget.
The Budget proposes positive changes to superannuation, an extension of the low and middle-income tax offsets and a boost to aged care services. We summarise some of the key points from the Budget but, remember, these are subject to the passing of legislation.
The Federal budget is out and it’s a once in a generation budget to rebuild and tame the recession. Business is at the heart of our economic recovery with a range of support measures and the creation of jobs.
