by Investment Plus Accounting Group | Jun 8, 2023 | How To, Income Tax, Superannuation, Tax & Accounting, Tax Refunds
Did you know that you can make a concessional superannuation contribution and get $5000 or more as a tax refund this year? Super concessional contribution caps There is a limit on how much you can put into super each year from your pre-tax income. Such contributions...
by Investment Plus Accounting Group | Apr 17, 2023 | ATO, Business, How To, Superannuation, Tax & Accounting
The ATO has recently reported there is now $16 billion in lost and unclaimed super across Australia, and is urging Australians to check their MyGov account to see if some of the money is theirs. Super becomes “lost super” when it’s still held by the fund but the...
by Investment Plus Accounting Group | Mar 23, 2023 | Retirement Planning, SMSF, Superannuation, Wealth Creation
Future earnings for super balances above $3m taxed at 30% from 2025-26 The Government has announced that from 2025‑26, the 15% concessional tax rate applied to future earnings for superannuation balances above $3 million will increase to 30%. The concessional tax...
by Investment Plus Accounting Group | Feb 27, 2023 | Retirement Planning, SMSF, Superannuation
Why have superannuation? The superannuation choices you make today will help shape your lifestyle in retirement. We can help you get your superannuation sorted now, so you maximise your superannuation savings for when you retire. So let’s get into the benefits of a...
