As per Victoria Government Covid-19 restrictions, all staff at Next Level Financial Services are working from home. We are continuing to offer our full range of services via telephone calls, emails and online Zoom meetings. Please get in touch on 03 9188-4254 if you require any assistance.
Once government restrictions are eased and we return to the office, we're taking steps to protect our clients, staff and business by:
- Staying home if unwell
- Using the Victorian Government QR Code Service at point of entry
- Keeping our fitted masks handy at all times
- Keeping our distance from others where possible
- Washing our hands regularly
- Cleaning used surfaces frequently
- ​Having a COVIDSafe Plan for our business  ​

There are some important changes to superannuation regulations that will be rolled out over the next 12 months. Some of these have been expected for some time and others were announced in last month’s federal budget.

We’ll discuss the changes that will have an impact on your financial plan directly and through the normal review process to ensure that you’re taking advantage of the opportunities that are relevant to you, however as it’s difficult to keep track of all changes we’ve summarised the key issues and impacts below. 

As always, please contact me with any queries or for more information. 
​The table provides a high level summary with more detail below:

The 2021/22 budget was handed down by federal government last night.  As was the case with the delayed (COVID) 2020/21 budget, the focus is expansionary to pump money into the economy.  
Below is an overview of the key issues that we expect will most impact financial plans and strategy in the future.  This isn't a complete list of all the initiatives that were announced so if you require further detail on the information below or on any other matters from the budget announcement then please contact our office and we'll be very happy to provide that detail.
The key initiatives are:
Personal taxation:
Low and Middle Income Tax Offset (LMITO):
This offset was introduced for the current tax year and will be carried over to the 2022 financial year as well (ie: to 30 June 2022).  

The much anticipated budget was handed down by federal government last night.  
As expected the focus is expansionary to pump money into the economy.  Below is a brief overview of the key issues that we expect will most impact individuals.  Many other initiatives were announced that are targeted specifically at businesses, which we won't detail here but if you would like more information on any business related matters then please contact our office and we'll be very happy to provide that detail.