The federal government has announced its intention to change tax concessional treatment of very large super account balances from 1 July 2025. Individuals with over $3 million in super will be affected.
24
May
May
The super guarantee rate will rise in July this year to 10%. Have you calculated the extra cost to your business? This rate increase will impact employer expenses and may affect salary packages. Talk to us now so you don’t get caught out.
24
Nov
Nov
Should your staff be contractors or employees? There are many factors to assess and it’s the business owner’s responsibility to get it right. Talk to us now and we’ll review your workers’ basis of engagement.
22
Jun
Jun
Have you maximised your concessional super contributions for 2019? Act now to take advantage of the new rules allowing you to make a top-up payment. Get in touch today before your super fund contribution deadline for 2020. #Superannuation #Contributions #MaximiseTaxBenefits
12
Mar
Mar
When you’re employed, your employer makes compulsory contributions to your superannuation. When you work for yourself as a sole trader, or you’re in a partnership, making super payments isn’t mandatory. But, it’s still an important thing to consider. Retirement savings contributions are there to set you up in retirement. Generally, investing money into super will […]
17
Oct
Oct
Legislation has passed that will enable people aged 65 or over to make additional super contributions of up to $300,000 per person from the proceeds of the sale of their home from 1 July 2018. These are known as ‘downsizer contributions’ and they can be made on top of the existing contribution caps, without having […]
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 […]
Two things first up: (1) If you want to (or have to) work past the age of 55, you need to read this article; or (2) If you know someone else who that applies to, please forward them this article or a link to it.
23
Apr
Apr
Time is running out. If you want to take a few simple preventative measures to minimise or defer how much tax you will pay for this Financial Year, you need to do these two things.