Indexation of tax instalments suspended for 2020-21
Due to the COVID-19 health crisis, more support for taxpayers comes in the form of a suspension of the indexation of tax instalments for the 2020-21 income year.
Due to the COVID-19 health crisis, more support for taxpayers comes in the form of a suspension of the indexation of tax instalments for the 2020-21 income year.
Although tempting, there are some things you should be aware of before considering superannuation early release or re-contributions.
There are effective strategies you may be able to employ to make sure you pay the right amount of tax for the 2019-20 year and maximise any refund entitlement.