Amendments have been introduced to restrict the eligibility for a grant under the New Home Grant Scheme. These amendments are summarised as follows:- One grant per financial year. i.e. if a …
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Transition to Retirement – Access Super While Still Working
A Member of a Superannuation Fund no longer needs to stop working to access his or her superannuation savings. The law allows a Member to access their super while they are still working as long as he …
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Residency Status for SMSFs
There are 3 tests that a Self-Managed Superannuation Fund (“SMSF”) must meet in order to be treated as an “Australian Superannuation Fund” under the Income Tax Law, which are: The SMSF is …