Super statements | Capital gains tax | Tax refunds | Deeming rates | Work-related expenses
In this month’s newsletter, we begin with a helpful checklist for reviewing your annual super statement, which you should be receiving shortly. Our animation illustrates some of the main points regarding a rather complex area of taxation, capital gains tax (CGT). Legislation recently passed pertaining to the low and middle income tax offset (LMITO); we explore this, and also offer budgeting/spending suggestions if you have received or are expecting to receive a tax refund. Interest rates are at a historic low; we discuss retirement in general, and also changes to the Age Pension deeming rates. Lastly, we leave you with a funny video, in which Jimmy Fallon talks to kids about what they think their parents do all day at work.
Super review checklist: Your annual super statement
As a super fund member, you will be receiving your annual super statement soon. In this article, we provide you with a helpful checklist for reviewing this important document.