Tip 1
New Year, New Super Contributions limits $25,000 – also those workers earning less than $37,000 will no longer be subject to 15% tax on their super that their employers pay on their behalf.
Tip 2
New Year: 1 July 2012 new rules in place – financial planners no longer able to accept commissions and must sign new contracts with existing clients every two years. ASIC plans to introduce an exam for financial planners.
