In a rapidly evolving response to the spread of COVID-19, the Federal Government’s second support package announced over the weekend has flicked the switch to more income support for retirees and workers. Between the first $17.6 billion package announced on March 12, and this latest $66.1 billion package, the emphasis has shifted from stimulus aimed […]
With June now here we thought one more update is in order before the financial year comes to a close. For employees… This is the first tax year that you can top up your deductible super contributions before June 30 by making a lump sum contribution. So as an example, if your employer has paid […]
Smashed Avo for breakfast or buying your First Home? Why not both? In response to the increasing house prices in Australia, parliament has passed new legislation allowing first home buyers to save for their home deposit (residential home) within superannuation. Saving a deposit to buy your first home can seem unattainable. To be approved […]