There is over $16 billion in unclaimed superannuation being held by the ATO just waiting for the owners to claim Imagine finding a stash of money that you didn’t even know was yours. And then imagine what that could mean for your future. There is still a staggering $16 billion in unclaimed Superannuation just waiting…
The 2021-22 Budget address largely met the expectations of a budget focused on economic participation to ‘Secure Australia’s Recovery’. As the Federal Government’s Budget website says: The 2021-22 Budget maintains the momentum of Australia’s economic recovery. It supports jobs and guarantees services and is the next stage of the Government’s economic plan to secure Australia’s recovery. For our Bookssorted contractors, this…
There’s some fantastic news for those of you who may have previously been employed in the public service and are Public Sector Superannuation Accumulation Plan (PSSap) members. As a PSSap member (this includes existing preserved members), you will soon be able to revert to the PSSap scheme, even if you have left the Australian Public…
Earlier this year, we broke down some of the superannuation changes that were introduced on 1 July, to help you be informed about your super choices. We’ve received some questions about how the new $25,000 concessional contribution cap will interact with the super guarantee. First, it’s important to understand that the super guarantee is payable for quarterly…
Late last year, the Federal Government passed legislation that may see changes to your superannuation arrangements occur from 1 July. This includes superannuation changes to before and after tax contributions, spouse contribution tax offsets, transition to retirement pensions tax on earnings, and more. Do you know how the Government’s changes to superannuation may affect you?…
With $1.3 trillion in Australian superannuation funds and over $17 billion in lost and unclaimed super, it’s important to make sure your superannuation is not out there in the ‘superannuation wilderness’ not working for you. If you have ever changed your job, payroll management service, address, name or done casual or part time work then…
Choice of Superannuation Fund legislation has been introduced by the Federal Government to allow employees, with some exceptions, to choose their own super fund for their Superannuation Guarantee contributions – putting them in control of what could be their biggest source of retirement savings. As part of the superannuation legislation compliance, could you please complete…
