The Australian Taxation Office (ATO) is kicking into gear two data-matching programs specifically related to the JobMaker Hiring Credit and early access to superannuation. It will mostly be used to to identify compliance issues between the two, as well as economic stimulus measures, such as JobKepper and cash flow boosts
The Australian Taxation Office (ATO) has advised that it will not apply a penalty for Self Managed Superannuation Fund (SMSF) trustees that have difficulty obtaining evidence to support market valuations of assets.
Assistance during the Covid-19 pandemic came to the public by way of an early release of a lump sum from your superannuation. The application deadline for the early release of super has now been extended.
To live the lifestyle you want in retirement, you may need to consider making additional contributions to your super over and above the superannuation guarantee
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