Welcome to the StewartBrown Client Newsletter for March 2025. Click here or the link below to view or download a PDF copy.
StewartBrown - Client Newsletter - March 2025
Contents of Newsletter
Why the ATO is targeting babyboomer wealth
The Australian Taxation Office (ATO) thinks that wealthy babyboomer Australians, particularly those with successful family-controlled businesses, are planning and structuring to dispose of assets in a way in which the tax outcomes might not be in accord with the ATO’s expectations. (Read more on pages 1-2)
Will credit card surcharges be banned?
In the United Kingdom, consumer credit and debit card surcharges have been banned since 2018. In Europe, all except American Express and Diners Club consumer surcharges are banned. And in Australia, there is a push to follow suit. But, is the issue as simple as it seems? (Read more on pages 3-4)
Is there a problem paying your super when you die?
The Government has announced its intention to introduce mandatory standards for large superannuation funds to, amongst other things, deliver timely and compassionate handling of death benefits. Do we have a problem with paying out super when a member dies? (Read more on pages 5-6)
Threshold for tax-free retirement super increases
The amount of money that can be transferred to a tax-free retirement account will increase to $2m on 1 July 2025. (Read more on page 6)
