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From 1 July 2014 the Medicare Levy will increase to 2%. For more information please click here.

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More than $17.7 billion is currently held in 6.1 million lost and unclaimed superannuation accounts – all waiting to be claimed.  The ATO’s superseeker tool can assist in locating lost super and repatriating it with its rightful owner.  The tool is located at ato.gov.au/superseeker.  Changes are currently underway (not yet finalised) to change the timing and circumstances under which super monies will be transferred from a super fund to the ATO as lost superannuation.

A reminder that the Private Health Insurance Rebate and Medicare Levy Surcharge is now income tested

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Summary of some of the changes to the tax system proposed by the coalition government

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Highlights the measure introduced on 7 August 2012 as part of the suite of measures announced within the Governments Stronger Super initiative.

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ASIC has released a report in relation to the costs of operating SMSFs

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ATO Summary of changes to super for 2014/15 financial year

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ATO link to Frequently Asked Questions in relation to minimum pension payments.

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