14 October 2015
Over the past few years there has been talk on the much anticipated SuperStream- a package of reforms designed by the government and implemented by the ATO, with a goal of improving the efficiency of the superannuation system.
The SuperStream reform provides a new standard for employers when making superannuation contributions. This allows employers to send contributions electronically in a standard format with linked data and payments.
13 August 2015
Many of us put superannuation (super) into the “too hard” basket as something we will do at a later date, when you could benefit from taking control now to ensure you are making the most from your super strategy.
Below are a number of key questions to consider about your super:
- Do you have more than one super policy?
- Are you aware of the balance of your super fund(s)?
17 June 2015
A lot of people leave their preparation for the end of the financial year until it is too late. If you feel that your finances could do with a shake-up before June 30, there are many tax-effective strategies that you and your Boyce accountant and financial adviser can implement now to ensure that the end of June runs as smoothly as possible.
A tax deductible way to manage risk
Income protection insurance is an essential part of any financial plan, designed to secure your family’s lifestyle in the event of illness or injury.
9 June 2015
The way employers pay superannuation contributions is set to change this year with the introduction of SuperStream.
By way of background, SuperStream is a package of reforms designed by the government and being implemented by the ATO, with a goal of improving the efficiency of the superannuation system.
20 April 2015
The Australian Taxation Office (ATO) has announced key superannuation rates and thresholds to apply in respect of the 2015/16 financial year.
Concessional contributions caps
- The concessional contributions cap for 2015/16 has remained the same as the 2014/15 year at $30,000.
- The special concessional contributions cap for older people remains at $35,000, but will apply to anyone aged 49 or older on 1 July 2015.