The Government Wants To Put $500 In Your Superfund!

The Government is offering co-contributions to your super of up to $500 To reward Aussies for putting their own money towards their retirement savings, the Government is offering co-contributions to super of up to $500! If you meet the eligibility criteria for the co-contribution scheme, the Government will give you an extra 50% of what [...]

Superannuation Legislation Update – Changes to Downsizer Contribution Eligibility

At the beginning of February 2022, the Australian Government passed The Treasury Laws Amendment (Enhancing Superannuation Outcomes For Australians and Helping Australian Businesses Invest) Bill 2021. The aim of the Bill is to increase flexibility for individuals preparing for retirement, increase superannuation support for low income earners and provide assistance to first home buyers. Changes [...]

Superannuation Legislation Update – Update to First Home Super Saver Scheme (FHSSS)

At the beginning of February 2022, the Australian Government passed The Treasury Laws Amendment (Enhancing Superannuation Outcomes For Australians and Helping Australian Businesses Invest) Bill 2021. The aim of the Bill is to increase flexibility for individuals preparing for retirement, increase superannuation support for low income earners and provide assistance to first home buyers. Update [...]

Superannuation Legislation Update – Removal of the Work Test

In February of 2022, the Australian Government passed The Treasury Laws Amendment (Enhancing Superannuation Outcomes For Australians and Helping Australian Businesses Invest) Bill 2021. The passing of the Bill intends to increase flexibility for individuals preparing for retirement, increase superannuation support for low income earners and provide assistance to first home buyers. Removal of the [...]