This provides a summary of the key measures arising from the Federal Budget brought down on 14 May 2024.

Top strategies clients should be considering as they approach the end of the 2024 financial year.

The April 2024 edition of TechniView includes:

  • Introduction of Aged Care Act deferred
  • Start date for FHSS Scheme changes confirmed
  • Super and Tax threshold 2024/25
  • Minimum payment requirements – death benefit pensions
  • Centrelink assessment of self-contained living spaces

This edition includes age pension and aged care rates and thresholds current at 20 March 2024.

The March 2024 edition of TechniView is now available.

Topics include:
1. What’s news
a) Changes to Phase 3 tax cuts
b) Indexation of contribution caps
c) Division 296 tax on high superannuation balances
d) Age Pension Rates to increase from March 2024

2. Report of the Aged Care Taskforce

3. Your question answered – carrying forward the unused concessional contribution cap

The February 2024 edition of TechniView is now available.

Topics include:

1. What’s news

a) Changes to Phase 3 tax cuts

b) Transfer Balance Cap – no indexation

c) Push for adviser access to tax portal

2. When living together doesn’t mean you are a couple

3. Your question answered – deferred management fees

The January 2024 edition of TechniView includes information on:

  • Age pension age increases to 67,
  • Latest ATO guidance on deductibility of advice fees,
  • Compassionate grounds condition of release
  • Your question answered – Trap for non-residents selling their home

This update includes age pension and aged care rates applicable from 1 January 2024.

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2 Corporate Court
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Phone:
1300 557 598

Email:
enquiries@lavista.com.au

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