The biggest changes to superannuation in over 10 years start coming into effect from 1 July 2017. As we approach the end of the financial year, you should take a moment to go through the following updates to ensure you’re ready for the coming changes and to avoid getting caught out. Reduced Concessional Contributions Caps
A large number of Australia’s population are approaching retirement age and looking for an income stream to fund their retirement. By law retirees aged between 65 and 74 need to drawdown a minimum of 5% of the value of their pension investments each year. Unfortunately, a conservative investment portfolio will generally provide a return below
Choosing your investment options within superannuation How you manage your money within superannuation over the long term can make a big difference to your final balance. For some people, superannuation will be their largest pool of wealth so the decisions you make today should not be taken lightly. Most super funds have a number of
What does it mean to salary sacrifice? When you salary sacrifice into superannuation, you are making an agreement with your employer to direct a specified amount of your salary into your superannuation account as opposed to taking it through your salary. As this payment is made before tax it does not attract your marginal
When deciding about insurance the best place to start is by looking at your superannuation fund first. Once you know what level of insurance cover you have within your superannuation you can look at your options from there. Your superannuation fund can provide three types of insurance: Life insurance (death cover) which pays a lump
A concessional contributions cap is the amount you can pay (tax effectively) into your super in any given year. About concessional contributions caps Concessional contributions include the compulsory 9.5% super payments made by your employer, any additional super payments made by your employer (above 9.5%) and any additional payments you salary sacrifice from your salary.
We will often get enquiries from people asking if it would be a good idea to use their superannuation to invest in property. There certainly is a growing trend for people to set up SMSFs for the purpose of buying a property. If you are considering doing this, we would recommend that you equip
The events in Greece over the past few weeks have been building like a pressure cooker for many years now. Greece’s failure to meet the International Monetary Fund repayment of 1.6 Billion Euros last week was expected given the recent discussions in Europe, and the calling by the Greek Prime Minister of a national referendum
It's that time of year again! The financial year ending 30 June 2014 is fast approaching and now is the time to start preparing! This newsletter is provided to give you some things to think about which will help you to best manage your taxes, build your wealth and better your financial position for you
The March 1, 2014 deadline is almost here and if you were born on or before 19 September, 1944 (males) and 1 January, 1946 (females), then the information contained here could be worth a lot of money to you (up to $47,242.50 !!) Background The Pension Bonus Scheme (PBS) was a Federal Government initiative designed to
