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Category Archive - Superannuation

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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Federal Budget 2016 – What You Need To Know

written by:
Josh McMullen


The 2016 Federal Budget was handed down on Tuesday 3 May. Following are some of the headline announcements that the Government intends to implement in the event that it is re-elected in the coming months. If you have any questions on how these measures may impact you or your business, contact your PT Partners Advisor. INDIVIDUALS and FAMILIES Income Tax Cuts Individual income taxes will be reduced over the next…

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Federal Budget 2015 – What You Need To Know

written by:
Josh McMullen


The 2015 Federal Budget was handed down on Tuesday 12 May. Following are some of the headline announcements. If you have any questions on how these measures may impact you or your business, please contact your PT Partners Advisor. GENERAL ECONOMIC CONDITIONS In good news for business owners and the wider public, the Budget forecasts that economic conditions will improve in the coming years. According to the Budget, economic growth…

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SuperStream Reforms

written by:
Darren Hagarty


The ATO has recently introduced reforms known as SuperStream, aimed at improving the efficiency of the superannuation system. The reforms start to have effect from 1 July 2014. What is SuperStream? Under SuperStream, employers must report super contributions by submitting data and payment details electronically in accordance with the SuperStream standard. All superannuation funds, including SMSFs, must receive contribution details electronically in accordance with this standard. If your SMSF is receiving employer…

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Federal Budget 2014 – What You Need To Know

written by:
Josh McMullen


Federal Treasurer, Joe Hockey MP, announced the 2014 Federal Budget on Tuesday 13 May in Canberra. The following summarises the headline announcements of most importance to our client base. If you have any questions on how these measures may impact you or your business, please don’t hesitate to contact your PT Partners Advisor. INDIVIDUALS Deficit Levy – From 1 July 2014, a deficit levy will be imposed on individuals with taxable…

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