From the 1st of July 2018, employers with 20 or more employees will be required to report payments such as salaries and wages, pay as you go (PAYG) withholding and super information in real time. Businesses with 19 or less employees will have another year...
If you want to reduce your personal tax this year, you are able to take advantage of changes to the Superannuation contribution rules. In the past, unless you were salary sacrificing, salary and wage earners were not able to contribute to Super to reduce their taxable income. ...
Are you currently saving for your first home and want some tax relief? The Australian Government has created this scheme to help first home buyers save for a deposit on their first home. To qualify, you cannot have previously owned a property in Australia. In addition, you...
"Downsizing" Contributions Are you over 65 and wish that you had put more money into Superannuation? Many older Australian's are now realising that topping up Super just before retirement is not as easy as they imagined, or it may now be even impossible for some. From 1...
We would like to remind all clients that from the 1st of July 2017, the concessional contributions cap has been lowered to $25,000 for everyone regardless of age. As this is a significant decrease, it is possible that your current salary sacrifice arrangements with your employer may...
Stability and confidence for superannuation is the good news coming out of the 2017-18 Federal Budget. With SMSF members still working through the wide-reaching and complex superannuation changes of the last Budget which take effect from 1 July 2017, this Budget’s minimal changes will result...
Superannuation changes just passed by the Australian Parliament are the biggest in number since 2007. This video takes the place of a face to face seminar and will cover the following topics: Pension Caps of $1.6 Million TRIS Tax Free Status Changes to Concessional & Non...
[vc_row][vc_column][vc_column_text]On the 9th of November 2016, the Government introduced legislation into Parliament that covers many area's of Superannuation under the auspices of fairness. The legislation is the result of amended 2016-17 budget reforms previously announced. Once passed by the Parliament, these measures will take affect for the 1st...
2016 Federal Budget There have been some big changes in to Superannuation in the recent budget. It is important to note that at this stage the changes have not been legislated, however with opposition support in the majority of policy positions, it is likely that...
There are four factors that contribute to better Super outcomes: Contributions, Expenses, Investment Returns & Tax. Mastering the four factors will revolutionise how you grow your Super. But you can't master it if you are working on outdated information. Planning has immense power to improve your...