What's new at Heffron | Super Companion Updates

Our most recent updates to the Super Companion include:

• The proposed legislation changes page has been updated with the past fortnight’s developments including:

• • The five super related proposals from this week’s Mid Year Economic & Fiscal Outlook.

• • The introduction into Parliament of a Bill to implement the new Division 296 tax – the new additional tax for individuals with more than $3m in superannuation.  We’ve also updated our commentary & FAQs with our new learnings.

  • The release of the Government’s discussion paper on Super in Retirement.

  • The announcement of a start date (20 September 2024) for a number of already legislated changes to the First Home Super Saver scheme. We’ve also re-written and vastly improved our section on the First Home Savers Super Scheme.

• We’re ready for the new year with our link to the Parliamentary sitting calendar now looking at 2024.

In the last fortnight we’ve also reviewed and updated the following Education Bites:

• Withdrawal & recontribution strategies

• Business real property

• Investment strategies

• What assets can (and can't) be acquired from a related party?

• What is a related party?