Posts in Superannuation Update

early release of superannuation

Early Release of Superannuation on Compassionate Grounds – How to Apply

April 20th, 2020 Posted by B&W Additions News, Individuals, News, Pension, Retirees, Superannuation, Superannuation Update No Comment yet

One aspect of the Australian Government’s stimulus package was allowing individuals adversely affected by the economic effects of the Corona Virus to access up to $10,000 of their superannuation monies in both the 2020 financial year and the 2021 financial year[…]

Victorian Business Support Fund

Victorian Business Support Fund

April 8th, 2020 Posted by Asset test, B&W Additions News, Businesses, Employees, Employers, Individuals, Jobkeeper Payment, News, Pension, Retirees, Superannuation, Superannuation Update No Comment yet

In addition to the Federal Government response to the Coronavirus, the Victorian State Government has established a $1.7 billion Economic Survival Package: The Victorian Business Support Fund[…]

Stimulus package retirees

Stimulus Package and impact for Retirees

April 6th, 2020 Posted by Asset test, B&W Additions News, Businesses, Employees, Employers, Individuals, Jobkeeper Payment, News, Pension, Retirees, Superannuation, Superannuation Update No Comment yet

With the release of the Government’s Stimulus Package Retirees may need to review their situation. Have you been wondering what support you will receive or can possibly access as a result of all the changes related to COVID19 as well as the resulting share market declines[…]

Early Release of Superannuation on Compassionate Grounds

Early Release of Superannuation on Compassionate Grounds

April 2nd, 2020 Posted by B&W Additions News, Businesses, Employees, Employers, Individuals, Jobkeeper Payment, News, Superannuation, Superannuation Update No Comment yet

One aspect of the Australian Government’s stimulus package was allowing individuals adversely affected by the economic effects of the Corona Virus to access up to $10,000 of their superannuation monies in both the 2020 financial year and the 2021 financial year[…]

UPSIZE YOUR SUPER WITH DOWNSIZER CONTRIBUTIONS

July 27th, 2018 Posted by B&W Additions News, Financial Planning, Individuals, News, Superannuation, Superannuation Update No Comment yet

People aged 65 or over may be eligible to make additional super contributions of up to $300,000 per person from the proceeds of the sale of their home from 1 July 2018. These are known as ‘downsizer contributions’ and they can be made on top of the existing contribution caps, without having to meet certain contribution rules and restrictions.
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Federal Budget Superannuation growing money

2018/19 FEDERAL BUDGET – SUPERANNUATION

May 9th, 2018 Posted by B&W Additions News, Federal Budget, News, Non Concessional Contributions, Superannuation, Superannuation Update, Taxation Measures No Comment yet

Federal Budget was relatively quiet on superannuation this year.  Not surprising given that we have just been through the most comprehensive reforms since 2007.  However, there were a few items to be aware of and which may offer some planning opportunities[…]

Federal Budget Pensioners and Self Funded Retirees

2018/19 FEDERAL BUDGET – PENSIONERS AND SELF FUNDED RETIREES

May 9th, 2018 Posted by Federal Budget, News, Pension, Superannuation, Superannuation Update, Taxation Measures No Comment yet

The Government announced measures in the Federal Budget that are aimed at assisting age pension recipients to increase their fortnightly income without affecting their pensions and to encourage retirees to consider the use of lifetime retirement income products.[…]

SUPERANNUATION UPDATE

September 19th, 2016 Posted by B&W Additions News, Catch up Consessional Contributions, Financial Planning, News, Non Concessional Contributions, Superannuation, Superannuation Update, Tax Planning, Taxation Measures, Unaltered Budget Proposals, Uncategorised, Work Test No Comment yet

Since the Budget night we have been in a holding pattern waiting to see if the proposed changes would become a reality. After considerable debate and deliberation the Government has now appeared to have finalised its grand plan for superannuation moving forward. As a consequence of yesterday’s announcement we felt that it would be worthwhile summarising the changes and provide some commentary on what it means to you. […]