Superannuation is not like other assets as it is held in trust by the trustee of the superannuation fund. When you die, it does not automatically form part of your estate but instead, is paid to your eligible beneficiaries by the fund trustee according to the rules of fund, superannuation law, and the death nomination you made.
Read MoreWhat happens to your superannuation when you die?
New super rule changes for new employees
When your business hires a new employee, the Choice of Fund form is used to identify where they want their superannuation to be directed. If the employee does not identify a fund, generally the employer directs their superannuation into a default fund.
Unwinding COVID-19 Relief
COVID-19 support will roll back as states and territories reach vaccination targets.
The National Plan, the road map out of COVID-19, does more than provide greater freedoms at 70% and 80% full vaccination rates, it withdraws the steady stream of Commonwealth financial support to individuals and business impacted by COVID-19 lockdowns and border closures. We look at the impact and the support that remains in place. Read MoreDid your super fund receive a compensation payment?
Mental Health Support for Business Owners
Running a business can be an isolating experience. And, with COVID-19 lockdowns and disruptions to trade, the pressure can be intense.
Read MoreDivorce, Superannuation and the Gender Divide
New legislation will help prevent superannuation assets from being hidden during divorce proceedings.
Read MoreWhat now? Unwinding the Pandemic
Australia’s two largest states and the ACT are in lockdown as the Delta strain of COVID-19 takes its toll while others are standing firm on a policy of eradication. The result is a country at a policy impasse and divided by border restrictions.
Read MoreLockdown support for Individuals
If you can’t work because you or someone in your household is impacted by COVID-19, support is available.
Read MoreLockdown support for NSW businesses
If your business is adversely impacted by NSW lockdowns, support is available.
Three primary methods of financial support are available to businesses during extended lockdowns:
- Up to $15,000 through the expanded NSW 2021 COVID-19 business grants program
- Up to $100,000 in weekly JobSaver cashflow support payments, and
- NSW micro-business grants