Insights
Carry Forward Concessional Contributions - First year of expiring unused caps
On June 30th this year, any unused Superannuation concessional contribution limits from the 2018-2019 financial year will be unable to be used in the future.
Concessional Contribution and Non-Concessional Contributions Caps are changing for the 2025 financial year
In the 2023-2024 financial year, the concessional contribution cap is $27,500 and the non-concessional contribution cap is $110,000.
Proposed new 30% tax on earnings where a member's total superfund balance exceeds $3m
From the 2025-26 income year onwards, the headline concessional tax rates applying superannuation earnings.
What is the difference between TPD and Income Protection?
The main difference between TPD and income protection insurance is the type of coverage they provide.
Director ID requirements
It is mandatory for all Directors of companies to have a Director ID.