The long and short of the super downsizer scheme

    Under the superannuation downsizer scheme, from 1 July 2018, people aged 65 and older can make a non-concessional (post-tax) contribution of up to $300,000 from the proceeds of selling what was once their family home. Existing contribution caps and restrictions will not apply to the downsizer contribution. The downsizer scheme was one of

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The superannuation clearing house service to join other ATO online services

The Small Business Superannuation Clearing House will join existing ATO online services in mid-to-late February 2018. The ATO says its online services gives access to a range of tax and super services with one logon, including lodging activity statements and updating your business registration details. The current super clearing house service will still be available

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SuperStream and SMSFs: Your employer will need some details, quick

The ATO has advised that as of October 28 this year, all employers will be required to be SuperStream compliant. The previous deadline of June 30 was extended, as by mid-June the ATO discovered that many (if not most) small businesses had trouble meeting that deadline. The end of October was picked, but that too

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