Business
Stage four but tax office will move against super withdrawals – Small Caps
It is now official – the Australian Tax Office will be moving against those who withdrew up to $20,000 from their superannuation if they didn’t qualify.
It is now official the Australian Tax Office (ATO) will be moving against those who withdrew up to $20,000 from their superannuation if they didnt qualify.
What is still not known is how strictly the ATO will be enforce the rules, with options ranging all the way from charging tax on withdrawals through to enforcing tough fines.
The enforcement picture is clouded further by Melbournes strict stage four lockdown and the extension of the second super withdrawal period until the end of the year.
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