Welcome to the July edition of Class FAQs. This month we would like to draw your attention to a few areas while you are getting ready to begin the journey of a new financial year FY25 with Class.
Class Ignite 2024 | Get Connected
Get ready to be inspired once more as Class Ignite returns in 2024 with an exciting conference lineup. Our dynamic program includes capitvating keynote presentations, interactive breakout sessions, and thought-prov0king discussions.
Secure your spot now at the early-bird rate of $560
Concessional/Non-Concessional Contribution FY25
Class has updated the member console and contribution caps effective from 1 July 2024 in alignment with ATO's ruling. Starting 1 July 2024, Concessional Contribution cap is set at $30,000 for all ages, while Non- Concessional Contribution Cap is $120,000. For more details, please refer to ATO guide. To view members' contribution caps , carry forward unused concessional contribution cap or non concessional contribution bring forward status, you can refer to this article link to guide you further.
Tax Statements Collection
Our Class team has been actively collecting annual tax statements to integrate into our database as part of initiating the tax statement automation process for Financial Year 2024. As always, we rely on your participation to help accelerate this process in Class. This database facilitates the automated generation of tax statements for the Class community. We would greatly appreciate it if you could submit the annual tax statements held by your funds.
To provide an annual tax statement, please navigate to Fund > Fund Documents to upload the tax statement. Afterward, send us an email with the fund code to support@class.com.au, or alternatively, email us a scanned copy of the tax statement (ensuring any sensitive information is redacted) to support@class.com.au
You can monitor the FY2024 tax statements release process in Class via the links below:
Tax Statement Template 2024 - ASX Listed Securities
Webinar and Training
Training:
Class offers a complimentary online course, Class Essentials, covering modules and topics presented in our live training courses. These modules can be attempted in any order, and upon completion, you will receive a certification of achievement.
Webinars:
|
Date |
Title | Link |
| 1 Aug 2024 | Partner: Compliance update for Accountants | Registration Link |
| 6 Aug 2024 | Feeds Essential | Registration Link |
| 13 Aug 2024 | Death benefit and Family Law processing | Registration Link |
| 15 Aug 2024 | Partner: ECPI: How to get it right and what can go wrong | Registration Link |
Please keep a lookout for our in-app shoutout pop-up notifications detailing how to register for our future webinars.
To view the FAQs newsletters from past months please click here.
As always, you can contact the Class Customer Service team on 1300 851 057, Chat with us via Live Chat, or email us at support@class.com.au