Category: Superannuation

The ATO does have a heart!

So, the ATO does realise the pressure it puts on accountants and taxpayers with the never-ending deadlines! Here is an extract of its recent decision regarding lodgement deadlines for SMSF’s for the 2017 financial year: This week the ATO announced that it will extend the due date for lodgment of self-managed superannuation fund (SMSF) annual…

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First home superannuation saver scheme

Voluntary superannuation contributions of up to $15,000 per year, and $30,000 in total, can be contributed by first homebuyers from 1st July 2017. The contribution must be within existing concessional and non-concessional contribution caps. Concessional contributions and their earnings will be taxed at 15%. These contributions can then be withdrawn, along with associated deemed earnings,…

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