by Catapult Wealth | May 15, 2023 | ATO, Debt
Recently, the announcement that the indexation on HECS/HELP is going up to 7.1% from June 1st has caused confusion and concern for many. To provide some clarity on the matter, let’s delve deeper into what indexation is and how it affects your student loan debt....
by Catapult Wealth | Apr 22, 2021 | ATO
UPDATED: On Saturday 29 May 2021, the Government unexpectedly announced an extension of the temporary reduction in superannuation minimum drawdown rates through to financial year 2021/22. At the height of the COVID-19 pandemic, the Government announced some changes...
by Catapult Wealth | Oct 7, 2020 | ATO, In the media, State & Federal Budget
Last night the Government announced the Federal Budget including these proposed changes and initiatives: $250 economic support payments: Two tax-free economic support payments of $250 each will be paid to individuals in receipt of certain government income support and...
by Catapult Wealth | Oct 1, 2020 | ATO, Investment, Self-managed Superannuation, SMSF, Superannuation
From 1st July 2020, the Government has put an end to the work test for members aged 65 and 66 to make voluntary contributions to superannuation without having to meet the work test. From this date, anyone under the age of 67 can make contributions to their super...
by Catapult Wealth | Sep 11, 2020 | ATO, Life After Work
Centrelink Concession Cards – Commonwealth Seniors Health Care Card and Low Income Health Care Card Eligibility for the age pension is a common consideration for those retiring, however there are other Centrelink concessions that are sometimes overlooked. These cards...
by Catapult Wealth | Jul 1, 2014 | ATO, Self-managed Superannuation
The ATO has introduced new penalty powers which it can impose on you if your fund breaks certain superannuation rules. The new rules apply from 1 July this year and allow the ATO to fine you and require you to rectify the mistake that has been made. They can also...
