How the 2019 Federal Budget affects you

The ATO has outlined the ways in which those impacted by Australia’s bushfire crisis will be given relief from any outstanding tax obligations.

It’s been a long time coming but members are finally able to use the catch-up concessional contribution rules for the first time this year (2019–20).

You're so close. You were diligent in making additional contributions to your super when it made sense and have saved enough in your fund of choice.

SMSF auditors are expected to focus more clearly on specific details and evidence around a fund’s investment strategy in the coming year as the industry continues to feel the ripple effects from the ATO’s diversification letter campaign of 2019.