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Category Archive - Superannuation

Be Aware of Scammers Impersonating the ATO

written by:
Darren Hagarty


Many Australians believe they would never fall victim to a scam and could confidently spot one or know what to do if they were targeted. However, scammers are becoming more sophisticated in their attempts to trick people into paying money or providing personal information. We are seeing an increasing incidence of scammers purporting to be from the ATO. In the wake of Scams Awareness Week (12–16 August), please know that…

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Federal Budget 2019 – What You Need To Know

written by:
Josh McMullen


The 2019 Federal Budget was handed down on Tuesday 2 April. Following is a summary of the headline measures. BUSINESS TAX CHANGES Instant Asset Write-Off Boosted and Expanded – Two key changes have been made. Firstly, the write-off has been extended to medium-sized businesses (those with an aggregated annual turnover of less than $50 million). Secondly, the threshold has been increased to $30,000. Therefore, subject to legislation, businesses with an…

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Federal Budget 2018 – What You Need To Know

written by:
Josh McMullen


The 2018 Federal Budget was handed down on Tuesday 8 May. Following is a brief summary of some of the headline measures. INDIVIDUALS Income Tax Reduced – The centrepiece of the Budget was a three-step plan to reduce income tax for low and middle income earners over the next 7 years. The first step involves introducing a new Low and Middle Income Tax Offset from 2018/2019. This provides up to $530 per…

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Superannuation Changes – Is It Time to Act?

written by:
Kellie Powell


The Government’s superannuation changes take effect from 1 July 2017 and represent the biggest shake-up to the superannuation system in the past 10 years. The changes mean there is a last chance opportunity to act before 30 June 2017 to maximise superannuation contributions before the new legislation takes effect. Following we take a look at the changes to the super contributions caps that may impact you. NO MORE NON-CONCESSIONAL CONTRIBUTIONS…

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Federal Budget 2017 – What You Need To Know

written by:
Josh McMullen


The 2017 Federal Budget was handed down on Tuesday 9 May. Following is a brief summary of some of the headline measures. If you have any question on how these measures may impact you or your business, contact your PT Partners Advisor on (07) 3808 4499. SMALL BUSINESS Instant Asset Write-Off – The $20,000 instant asset write-off will be extended by 12 months to 30 June 2018, for businesses with an aggregated…

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Superannuation Changes Announced

written by:
Kellie Powell


Since the Federal Budget on 3 May 2016, many superannuation strategies have carried a significant element of uncertainty. As you may have heard, the Government has announced some significant changes to the superannuation proposals previously announced on Budget night. It’s important to be aware that we still don’t have any legislation released on these measures, which is essential in determining how the new measures will truly operate.  The Government has…

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