Bonsella October Newsletter

September 25

Our latest eNewsletter includes information on the following topics:

  • Deeming rate changes from 20 September: will your pension be affected? – Deeming rates are part of how the government calculates Age Pension and other social security payment entitlements.
  • Vouchers and GST in your business – If your business sells or buys vouchers, it’s essential to understand how to account for and report GST correctly.
  • $20,000 instant asset write-off due for extension to 30 June 2026 – This measure was announced by the Treasurer as an election commitment in April, and a Bill has been introduced to Parliament.
  • Unlock the benefits of downsizer super contributions – If you’re aged over 55, you and your partner may be eligible to contribute up to $300,000 each from the sale of your home into super.