JobKeeper extension – changes implemented
The legislative instrument implementing the changes to the JobKeeper scheme over the extended period was registered on 15 September 2020.
Categories for Financial Planning News
Temporary home office expenses shortcut extended again
The 80 cents per hour work-from-home deduction method has now been extended for a further three months to the end of the year.
Investment preferences of the young
As a new wave of investors enter the Australian share market, new trends begin to emerge.
How to construct an effective portfolio
Portfolio construction is always a popular topic among investors, but as markets become more volatile, the practice of carefully piecing together a jigsaw of investments that weathers both good times and bad is particularly relevant.
Estate planning opportunities highlighted with work test changes
With the work test changes for over-65s opening up opportunities for recontribution strategies, clients may be able to even up balances and adopt tax strategies for estate planning, particularly once the bring-forward measure is passed, says a technical expert.
Lenders are getting tougher on older borrowers
Australian banks this month started the largest ever customer contact program in the industry's history.
September update of latest COVID-19 initiatives.
With the ending of a number of the original COVID-19 relief and stimulus initiatives, August and the beginning of September has seen the release of new plans to move into the post-September period. Links to these updates and changes are listed below.
Update of Superannuation contribution rules from July 1, 2020.
The rules around Superannuation contribution change almost every year, so it is important that taxpayers know what these changes mean to them.
More than $31bn paid under early super release
The government’s early super release scheme shows no signs of slowing down, with almost 90,000 release applications received by super funds in the first week of August and more than $700 million in payments made.
Your super fund, your choice
Choice is inherently regarded as a good thing, particularly in these COVID-affected times when some of our basic choices have had to be suspended for the greater community good.
