To help you complete your tax return, especially if you’ve just started working from home for the first time, this […]
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From April, individuals will be able to access their superannuation, capped at $10,000 this financial year and a further $10,000 next financial year. The withdrawals will be tax-free and will be made available to those eligible for the COVID-19 supplement as well as sole traders who have seen hours of work, or income, fall 20% or more as a result of COVID-19.
Eligible individuals will be able to apply online through myGov for access of up to $10,000 of their superannuation before 1 July 2020. They will also be able to access up to a further $10,000 from 1 July 2020 for another three months. They will not need to pay tax on amounts released and the money they withdraw will not affect Centrelink or Veterans’ Affairs payments. This measure is estimated to cost $1.2 billion over the forward estimates period.
To help you complete your tax return, especially if you’ve just started working from home for the first time, this […]
On 22 March 2020 the federal government announced that the minimum pension drawdown rates would be temporarily halved for the […]
From April, individuals will be able to access their superannuation, capped at $10,000 this financial year and a further $10,000 […]
An increase from the first package, small and medium businesses and not-for-profit (including charities) employers with aggregated annual turnovers of […]
The Federal Government’s JobKeeper Scheme gives qualifying employers fortnightly $1,500 payments for eligible employees, on the condition that they pay […]
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