Work Test

Tax

Budget 2022- Work test

Bruce Collins, July 13 2021

Do I still have to meet the Work Test? - Budget 2021-2022 Announcements Following years of advocacy form superannuation professional bodies, the Government has announced in the 2021-2022 Budget that from 1 July 2022, individual aged between 67 and 74 will no longer need to meet the work test to make superannuation contributions. This is a very posi...

Tax

Accessing Super

Bruce Collins, July 13 2021

When can I access my super? Throughout your work life, your employer sets aside a portion of your wage into a superannuation fund towards your retirement. For some, this can add up to hundreds of thousands of dollars that are inaccessible until retirement. In our experience, for those who try to access their super prior to reaching the appropriate...