Deeming rate freeze extension Removal of the $450 threshold for super contributions Increase to contribution caps Superannuation on Paid Parental Leave From 1 July 2025 superannuation will be paid on the Commonwealth’s Parental Leave Pay scheme. This change is expected to benefit approximately 180,00...
super benefits in breach of rules: The ATO is developing a practice statement to provide guidelines on the Commissioner's discretion to deal with superannuation benefits received in breach of legislative requirements. The practice statement is expected to be completed by June 2022 ordinary meaning of ...
Up until recently, the rate of payment from your earning was 10.5%, on income up to $54,030. However, on July 1 2023, this rate was increased by 0.5%, so it now stands at 11%. Up to 2025-26, further increments of 0.5% will be applied annually and the rate will be set at 12...
YourSavings Rateis a very important number – my savings rate while working and raising a family fluctuated between20%and45%. Far more heroic rates are documented by F.I.R.E. enthusiasts e.g.Strong Money Australia– this will accelerate your journey Have a plan tobuy your own placeto live...
it may be the intention that the asset-based fee should be inserted last in that Example’s row with the words “regardless of your balance” requiring some additional drafting to refer to the fact that the percentage rate that asset-based fees are calculated do not change. However, if that...
The ATO did not specifically target higher-risk industry sectors but selected cases where the greatest debt could be recovered and there was a greater likelihood of a higher strike rate. In 2016 the ATO began to develop a high-risk industry strategy that would target three industries – cafés...