TechConnect TechKnow
Chris Chow runs through some technical hot topics and tips, including:
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legislation update
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$3m cap on super tax concessions: what we do (and don't) know, and
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social security and aged care: indexed rates and thresholds.
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Aged Care interest rate increasing – impact on fees
Some new entrants to aged care are set for an increase to daily accommodations fees. The Maximum Permissible Interest Rate increases to 7.46% from 1 April.
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Paid Parental Leave changes legislated
Legislation has passed that expands Paid Parental Leave for parents and carers of children born or adopted from 1 July 2023.
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2023 Federal Budget - what to expect from us |
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The 2023 Federal Budget will be delivered on 9 May 2023. Our teams will be working through the night and morning to deliver a suite of adviser and client facing tools to help you understand the proposals and the advice implications. More information is coming soon, including an invitation to our live webinars, to be held at 10:30am and 1:00pm AEST on 10 May. | | |
NCC advice opportunities
Scott Brown explains the non-concessional contribution (NCC) advice opportunities created by indexation of the general transfer balance cap from 1 July 2023.
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Electric cars now FBT exempt
Troy Smith outlines the fringe benefits tax (FBT) exemption that took effect on 1 July 2022 to incentivise the uptake of electric cars.
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Is the amount paid for a Granny Flat right reasonable? |
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Joe (72) is an Age Pensioner who has lived on his four hectare property for the last 35 years. The property has no potential to generate income. The property is an exempt asset for Joe’s Age Pension, as he meets the extended land use test. Joe intends to transfer the title of the property to his daughter in exchange for a granny flat right (a life interest) to reside in the daughter’s home. Will the reasonableness test apply to this arrangement?
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