How early super withdrawals add up
The coronavirus pandemic is having profound effects on Australian families, communities, businesses, the financial markets and the global economy.
Categories for Financial Planning News
AFP teams up with ATO, Treasury in COVID-19 tax fraud taskforce
The Treasury has confirmed that it will be working with the ATO and an Australian Federal Police taskforce in investigating any cases of fraud related to the government’s COVID-19 stimulus measures.
ATO extends initial JobKeeper payment deadline
Employers looking to enrol for the first two JobKeeper fortnights have now been granted a further extension of time to enrol and pay employees.
ATO releases JobKeeper alternative test
The alternative decline in turnover test rules for the JobKeeper payment scheme has now been registered by the ATO.
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Consumer satisfaction up for SMSFs, down for industry funds
New data from Roy Morgan has shown self-managed superannuation and public sector funds both increased their customer satisfaction rates in March, despite significant market upheaval, but their industry and retail counterparts were not so lucky.
Superannuation for younger investors
The Australian superannuation industry has been in the headlines almost every day in the past few weeks, with the Federal Government predicting that as many as 1.7 million people will look to access their superannuation early as part of COVID-19 relief measures.
How to stay the course in retirement
In the past few weeks, we have seen economies be brought to a standstill by COVID-19, unprecedented social measures announced by governments around the world, and a new, unusual rhythm of living that many of us are still settling into.
COVID-19: Early Childhood Education and Care Relief Package
From Monday 6 April additional support for Early Childhood Education and Child Care Services and their families.
ATO clarifies COVID-19 rent relief concerns
The Australian Taxation Office has responded to widespread concerns on whether SMSF landlords providing rent relief to tenants due to the financial impacts of the novel coronavirus is a contravention of the SIS Act.
