May 2023

Superannuation – what’s new?

Though most of the changes to superannuation discussed during the Federal Budget had been previously announced, they are still important to keep in mind when planning your superannuation strategy for the year to come. As announced in March 2023, extra tax will need to be paid on the earnings associated…

May 2023

2023-24 Federal Budget announcements

The Federal Budget was handed down on the 9 May 2023, outlining a number of changes that impact businesses, tax & superannuation. Small Business Instant Asset Write-Off Returns The instant asset write-off will return for the 2022-23 financial year (between 1 July 2023 to 30 June 2024). If you buy…

March 2023

Age lowered for downsizer contributions

As of January 1st 2023, the threshold for people wishing to make downsizer contributions to their superannuation was lowered from 60 years and over, to 55 years and over. Downsizer contributions are intended to incentivise retirees to downsize from homes that no longer meet their needs and free them up…

Interested?

Find out how HMW Group can help you create ambition, opportunity and wealth.

Contact us now.