February 2024 – Compensation, is it taxable, Tax issues when dealing with volunteers, Using super to pay the mortgage and more…..

With Christmas, a distant memory, life and tax obligations are returning to a familiar routine. We look at a variety of tax issues, including a consideration of the tax consequences if you receive compensation when your bank or financial institution hasn’t acted as ethically and correctly as they could have; the tax issues and obligations surrounding volunteers; whether that family heirloom you inherited from grandma came with a tax sting in the tail; the circumstances in which you may be able to use your super to pay your mortgage; and the super consequences of returning to work after retirement.

We trust that this newsletter will provoke some thoughtful discussion around these issues as we launch into 2024

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