We’d all like to think that we’ll live forever, but perhaps the 2020 year has given us some pause to consider the fragility of life. If the unforeseen happens, do you know what will happen to your super? Considering it’s possibly one of the biggest pools of money many of us will accumulate, it’s wise to take some time to consider who we want this money to go to.
Individuals or those with companies that earn income through personal effort and skills should be familiar with the concept of personal services income (PSI).
With the JobKeeper program officially coming to a close, the payment that has supported more than 3m workers as its height and around 1m in the most recent quarter has been consigned to history.