Have you been doing the numbers and panicking a little recently? If your super fund is a little ‘light’ as you start to think ahead to your golden years, you’re not alone. Millions of Australians are reviewing their retirement plans. We have been taught to believe that the money that flows into our super fund …
The ATO recently removed the personal super contributions 10% rule. What could this mean to you in this financial year & the future? Find out here…
Are you worried that your hard-earned money is not working hard enough for you? That your dream of your golden years spent on the golf course or with loved ones on the beach is fading fast? Think you can do a better job yourself – by managing your own super? You may be right. A …
The recent changes to the superannuation rules are designed to further limit the amount of money Australians can keep in the tax advantaged superannuation system. So, where does that leave you for your superannuation planning for this financial year? Here’s a brief summary of the key issues: Contributions which qualify for a tax deduction: This …
Read more “A quick glance at how the new superannuation rules could affect you”
The changes to superannuation announced in the 2016 Federal Budget have been passed by Parliament. Amongst the changes was legislation which will 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 will remove the tax …
Read more “Transition to retirement pensions – back to their true purpose”
On 27 September 2016, the Government released another round of draft legislation to implement changes to superannuation it first announced in the 2016 Federal Budget. With many of these changes due to take effect from 1 July 2017, now is a good time to think about: what impact these changes will have on your superannuation …
Read more “Changes to Australian superannuation in 2017: How will it affect you?”
Understanding what you could do before and after 30 June 2016 can provide the icing on the tax cake for employees, investors and those in small business. Such things as bringing forward tax deductions or delaying the reœipt of income within the rules can mean less tax this year. When it comes to superannuation, make …
Read more “Effects of Federal Budget on superannuation year-end planning”