As we approach the end of the 2019 financial year, we would like to highlight some superannuation related issues worth considering. We are here to assist you and if you have questions, or you would like to explore opportunities in your own year-end superannuation planning, please don’t hesitate to contact Read more…
One of the attractions of superannuation is the fact that super funds are very favourably taxed. If we invest money in our personal name, any investment earnings are taxable in our hands. Our personal tax rate will dictate the actual amount of tax we will pay. This may be anywhere Read more…
As we approach the end of the 2018 financial year, we would like to highlight some superannuation related issues worth considering. We are here to assist you and if you have questions, or you would like to explore opportunities in your own year-end superannuation planning, please don’t hesitate to contact Read more…
In November 2017, the Government passed legislation that will allow certain individuals who sell their main residence to contribute up to $300,000 of the sale proceeds to superannuation, without being constrained by the usual restrictions that otherwise apply to contributions – including contribution caps. The legislation is designed to reduce Read more…
Super fund members are regularly encouraged to consolidate their super accounts into one account to reduce paperwork and avoid paying multiple administrative fees and charges for accounts they don’t need. But, in my experience, making unadvised financial decisions – no matter how simple they appear on the surface – is Read more…
For many years, the debate surrounding the ability to access superannuation (super) for the purchase of a home has raged almost unabated. In its 2017 Federal Budget, the government introduced legislation that allows first home buyers to access part of their super to purchase a home. This is referred to Read more…
Amongst the changes in the 2016 Federal Budget was legislation to remove tax concessions for transition to retirement pensions (TTRs) and bring them closer to their purpose of providing income to members as they transition to retirement. The new rules removed the tax exempt status that TTRs have long enjoyed Read more…
Turn on your TV, read any number of personal finance magazines, or browse the internet for superannuation funds, and chances are you will be inundated with invitations to ‘consolidate your super’. So, is this something you should be doing and do you really need to consolidate your super? It is Read more…
Many readers will be familiar with a popular superannuation strategy referred to as ‘transition to retirement’. However, with the superannuation reforms that were introduced from 1 July 2017, some are questioning whether the transition to retirement is still a viable strategy. Background Back in 2005, changes to superannuation legislation allowed Read more…
By Peter Kelly Hardly a week goes by without the mainstream media mentioning superannuation. It certainly remains at the forefront of many conversations around the country at the moment! The changes to superannuation that were announced in the 2016 Budget have now (mostly) made their way into legislation. While a Read more…