News

The ATO has confirmed the general transfer balance cap will rise to $2 million from 1 July 2025, impacting individuals with unused cap space.

Employers are reminded to pay June quarter super by 20 June to claim a 2024/25 tax deduction, check SMSF details if using the ATO’s clearing house, note the SG rate increase and review contracts and payroll settings as the maximum contributions base drops.

Selling an investment for a profit can trigger capital gains tax (CGT), but you may be able to reduce tax and grow your super at the same time by making a deductible super contribution.

Make the most of personal and concessional contributions, ensure you meet the work test and check your minimum pension has been withdrawn. With caps and thresholds changing from 1 July, EOFY planning can help boost tax efficiency and retirement outcomes.

Online threats like identity theft, scams, and malware are real, and they’re constantly evolving. Here are some simple but powerful tips to help you stay safe online.

Global financial markets have experienced renewed volatility, with major indices posting sharp declines in response to a mix of economic and geopolitical pressures.