Australian banks this month started the largest ever customer contact program in the industry's history.
Portfolio construction is always a popular topic among investors, but as markets become more volatile, the practice of carefully piecing together a jigsaw of investments that weathers both good times and bad is particularly relevant.
With the work test changes for over-65s opening up opportunities for recontribution strategies, clients may be able to even up balances and adopt tax strategies for estate planning, particularly once the bring-forward measure is passed, says a technical expert.
As a new wave of investors enter the Australian share market, new trends begin to emerge.
The 80 cents per hour work-from-home deduction method has now been extended for a further three months to the end of the year.
The legislative instrument implementing the changes to the JobKeeper scheme over the extended period was registered on 15 September 2020.
These three areas cover all you will need to know but the accompanying two articles cover more specific topics and they might help you better understand how the Budget affects you.
The following links are to Fact Sheets that describe in detail how the Federal Government feels the 2020 Budget will impact you.
The following 35 links break the 2020 Federal Budget down into bite size bits.
Last week, Vanguard and Investment Trends launched the 2020 SMSF Investor Report. This year's report surveyed over 3000 SMSF trustees on their investment priorities and industry outlook, providing an insight into how trustees navigated through COVID-19 volatility.
The ATO has confirmed only payments made to a member after 24 March in excess of the reduced minimum pension can be treated as a lump sum, even where a valid election was previously in place, says the SMSF Association.
It's often said that starting out early on one's investing journey will deliver good long-term results.
SMSFs with outstanding compliance issues should consider making a voluntary disclosure while the ATO still has a more flexible approach in place and before they implement tougher admin penalties, says a law firm.
The rules around Superannuation contribution change almost every year, so it is important that taxpayers know what these changes mean to them.
The government’s early super release scheme shows no signs of slowing down, with almost 90,000 release applications received by super funds in the first week of August and more than $700 million in payments made.