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Preparing for SuperStream

Preparing for SuperStream

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.

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What about your superannuation?

What about your superannuation?

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)?

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Prepare now for the end of the financial year

Prepare now for the end of the financial year

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.

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Are you ready for SuperStream?

Are you ready for SuperStream?

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. 

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Superannuation rates and thresholds for 2015/16

Superannuation rates and thresholds for 2015/16

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. 

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