Since the start of the new financial year, 1 July 2018, superannuation contribution opportunities for those aged 65 or over have expanded to include the new Downsizer Contributions. These contributions enable eligible individuals to contribute up to $300,000 from the…
The end of financial year doesn’t have to be too taxing a time. These five tips will help organise your finances for the coming financial year. Take the pain out of EOFY by being organised. With the right preparation, you…
Budget 2017 has proposed a few tax changes. Read about them here: Medicare levy Rises from 2.0% to 2.5% from 1 July 2019 to help fund the National Disability Insurance Scheme. Capital gains tax discount for investors in affordable housing…
WINNERS!! First home-buyers First home-buyers can save for a deposit by salary sacrificing into their super. Downsizers Downsizers, 65+, can contribute up to $300,000 each to super from the sale the family home regardless of satisfaction of the work test,…
With many changes coming into effect this year – and more reforms being suggested – now is a great time to get your finances organised so you’re prepared. Changes to the Age Pension Changes to the Age Pension assets test…
Treasurer Scott Morrison has handed down his first Federal Budget – the Coalition Government’s third. The winners are low and middle income earners, unemployed youth and small business, and there are significant changes to superannuation. Note: These changes are proposals…
The Federal Government is introducing legislation to prevent fee erosion of lost super accounts with balances under $6,000 stating that they are committed to “ensuring that Australians have adequate retirement savings.” Assistant Treasurer, Mr Josh Frydenberg has said that the…
Superannuation will play an increasingly important role in all our futures. What we do today is going to affect our retirement savings tomorrow.
So most of us have heard about Self Managed Super funds, but where do they fit in the somewhat complex world of superannuation funds?
