Over the many years we’ve had countless conversations with clients who are overwhelmed by the number of superannuation accounts they’ve accumulated over the years. For many Australians, switching jobs or industries has meant inadvertently creating multiple super...
Recent proposed changes commenced from the 1st July this year, heralding in the new Financial Year. It’s a very mixed bag of alterations which some will be happy about and some may not. Check them out below in our featured article. If you need help with...
From 1 January 2023, those 55 and over can make a ‘downsizer’ contribution to superannuation. Downsizer contributions are an excellent way to get money into superannuation quickly. And now that the age limit has reduced to 55 from 60, more people have an opportunity...
This month, our Director, Deidre Molloy was featured in the April edition of Hunter Business Review presenting the information in the attached article. Download the April edition to read the full article on the HBR site here or read below! TSP Accountants Newcastle...
Super guarantee rate increase to 10% On 1 July 2021, the Superannuation Guarantee (SG) rate will rise from 9.5% to 10% – the first rise since 2014. It will then steadily increase each year until it reaches 12% on 1 July 2025. The 0.5% increase does not mean that...
