Superannuation health check
Superannuation health check
This tax time, the ATO is introducing the ‘Super Health Check’ initiative. This consists of 5 things super fund members can do to get on top of their super.
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Illegal early access to super warning
Illegal early access to super warning
Despite what you may have heard or read elsewhere, you cannot access your super before you retire unless you meet one of the very few exceptions to this fundamental rule of super law.
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Further eligibility age change for downsizer contributions
Further eligibility age change for downsizer contributions
The reduced eligibility age to make a downsizer contribution from age 55 is now law, with the Treasury Laws Amendment (2022 Measures No. 2) Bill receiving royal assent on 12 December.
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Increase to CSHC income test legislated
Increase to CSHC income test legislated
Recent legislation introduced into Parliament will increase the Commonwealth Seniors Health Card (CSHC) income test.
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New income limits for the Commonwealth Seniors Health Card
New income limits for the Commonwealth Seniors Health Card
Pending the passage of legislation, the income limits for the Commonwealth Seniors Health Card are set to increase.
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ACT NOW Super Contributions for YE 30 June 2022
ACT NOW Super Contributions for YE 30 June 2022
Employers, if you intend to claim a tax deduction in 2021/22 for your employees’ June 2022 quarter super contributions, please make payment ASAP to allow time for contributions to be processed through the superannuation clearing house and allocated to employee super accounts.  
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First Home Super Saver scheme – how does it work?
First Home Super Saver scheme – how does it work?
From 1 July 2022, if you’re a first home buyer you can release up to $50,000 from your voluntary super contributions to help you buy your first home.
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Super to cover more employees
Super to cover more employees
From 1 July 2022 the $450 per month threshold for SG eligibility will be removed. The change will expand the coverage of SG to eligible employees regardless of their monthly pay.
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Changes to work test requirements for non-concessional contributions
Changes to work test requirements for non-concessional contributions
From 1 July 2022 members under 75 years of age will no longer have to meet the work test to make non-concessional contributions.
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