Latest news and advice tips | |
TechConnect Update
Scott Quinn runs through some technical hot topics including:
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Holiday closure dates and details - TechConnect and ATO
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Technical gifts we have recently received, and
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Gifts that may be delivered shortly.
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Note: Problems viewing our Update? Right click on ‘Play now’, copy the hyperlink and paste the link into another browser. | |
Key changes and advice considerations for 2024 and beyond
Chris Chow outlines recent and proposed changes that have created advice opportunities to help you reconnect with clients in 2024 and beyond.
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Aged care considerations for high-net worth clients
Scott Brown explains some aged care options and decisions for high-net worth clients who are losing their independence due to their declining health and mobility. | |
Providing financial support to family
Jennifer Brookhouse explores key considerations when clients are contemplating providing financial support for family members or others, especially in difficult times. | | | | |
Legislation introduced for higher taxes on $3m+ super balances
The Government has introduced a Bill in relation to the announced proposal to cap tax concessions on certain high balance super accounts from 1 July 2025.
The Bill has been referred to the Senate Economics Legislation Committee for further discussion. There will be no further progress of this Bill through Parliament until after the Committee report due date, which is 19 April 2024. | | |
Work Bonus - legislation passed
Legislation has passed to incentivise older Australians to engage in employment through changes in the Work Bonus and ‘employment nil rate period’. | |
More regular review of aged care fees
Certain home and residential aged care fees are now reviewed monthly (previously quarterly), ensuring fee amendments are more quickly reflected in ongoing payments. | | | | |
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Financial support for family and friends webinar
Did you miss our webinar on the key options and issues to consider when clients are contemplating providing financial assistance to family or friends?
View recording
Access webinar slides | | | | |
Personal deductible contributions and work test
My client retired a few years ago and will turn age 67 later in the current financial year. They have incurred a substantial capital gain and want to make a personal deductible contribution to super. Do they have to make the super contribution before their 67th birthday? | | |
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This communication is prepared by Actuate Alliance Services Pty (ABN 40 083 233 925, AFSL 240959), a related entity of MLC Wealth Limited (ABN 97 071 514 264). This is for financial adviser use only – it is not to be distributed to clients. The communication has been prepared to provide financial advisers with technical resources, support and knowledge. The information in this document is current as at the date of publication and reflects our understanding of existing legislation, proposed legislation, rulings etc as at the date of issue, and may subject to change. In some cases, the information has been provided to us by third parties. Whilst care has been taken in preparing this document, no liability is accepted for any errors or omissions in this document, and loss or liability arising from any reliance on this document. Any general tax information provided in this publication is intended as a guide only and is based on our general understanding of taxation laws. It is not intended to be a substitute for specialised taxation advice or an assessment of your liabilities, obligations or claim entitlements that arise, or could arise, under taxation law, and we therefore recommend your client consult with a registered tax agent.
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