5 questions that could save you thousands
Five simple questions worth asking yourself that could very well save you thousands of dollars and, in turn, help you to save for a better future.
Read more
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 (up from $30,000) from your voluntary super contributions to help you buy your first home.
Investing is nothing without goals
Like studying for an exam, or training for a race, you’re far more likely to succeed if you set yourself goals and continuously track your progress. The same can be said about investing.
Market Wrap April 2022
Australian Equities perform well with all GICS sectors positive. Global shares had a mixed month, Australian shares performed well and the AUD$ gained against the USD$ but fixed income returns for the month were again exceptionally poor.
Changes to the work test requirements for superannuation contributions
Soon older Australians will no longer have to meet the work test to make super contributions. From 1 July 2022, members under 75 years of age will be able to make or receive personal contributions and salary sacrificed contributions without meeting the work test.
Employee COVID-19 tests now tax deductible
From 1 July 2021, employees can claim a tax deduction for COVID-19 tests that are purchased for work purposes. Find out more about the record-keeping requirements to claim the expense.
Cryptocurrency investing, trading and gifting
If you have cryptocurrency, check out the ATO’s latest tips to avoid errors including key questions to ask yourself at tax time.
Lodgement reminder for CCS and FTB recipients
Child Care Subsidy (CCS) and Family Tax Benefit (FTB) recipients and their partners must lodge their outstanding 2021 tax returns by 30 June 2022 to avoid losing their benefits.