Superannuation: updates, announcements & changes

1. Future earnings for super balances above $3m taxed at 30% from 2025-26 The Government has announced that from 2025‑26, the 15% concessional tax rate applied to future earnings for superannuation balances above $3 million will increase to 30%. The concessional tax rate on earnings from superannuation in the accumulation phase will remain at 15% up …

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Acumon Autumn Newsletter 2023

CLICK HERE to read the Acumon Autumn Newsletter 2023 In this issue:WelcomeKey Dates April 2023 Working from home & what you can claim from the ATO from 1 July 2022 onwards End of the FBT year fast approaching Congratulations Phill Hall Recipe of the season Superannuation wars

Acumon Connect: Summer Issue

CLICK HERE to read the Acumon Connect Summer 2022 Newsletter In this issue:WelcomeMerry Christmas + 2022 / 2023 Office ClosureKey dates for January 2023Interest RatesCongratulations Callan & AshleighChristmas Budgeting + a delicious Christmas recipe

Australian super funds gorge on cryptocurrency

The value of cryptocurrency assets inside Australian self-managed superannuation funds (SMSFs) increased by 589.9% ($1.17bn) between June 2019 and June 2022, according to the latest ATO statistics. While cryptocurrency is a relatively small asset class at only 0.16% of the $837bn held in SMSFs, it is a growing asset class, larger than collectibles and personal …

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Lessons from a data breach

The Optus data breach is top of mind for a lot of Australians, particularly those who have had their data breached. For business, the breach is a timely warning on the importance of understanding what data is held on your customers (and should you hold it?), how it is secured, how your systems work and …

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