Getting money into super has become a great deal harder in recent years, with various layers of caps complicating one's ability to contribute. Adding complexity to the issue, there have been new caps in some areas and reduced caps i …
Superannuation is usually talked about as having three tax benefits. It is a tax-effective way of receiving income because contributions are taxed at 15 per cent. The fund's earnings are only taxed at a maximum rate of 15 per cent. …
Recent changes to the law mean many more Australians can now claim deductions for their personal superannuation contributions. But while the eligibility requirements have been lowered, the process for claiming deductions is not stra …
In a raft of initiatives aimed at improving economic outcomes for women, particularly in the superannuation space, the government has proposed changes, including extending the ability to access early release of superannuation for wo …
Fewer than one-in-10 Australians view share market volatility as a major monetary worry heading into 2019, according to a new report. Despite a mixed year across the markets – headlined by rising international tensions, a cooling pr …
Depending on where you reside in Australia, there is a wide variety of cards and concessions on offer to people over the age of 60 or 65. But working out what card is right for you can cause a degree of confusion - do I automatic …
The sole purpose test is one the fundamental requirements for Self-Managed Super Funds (SMSFs) to obtain tax concessions. It requires that the SMSF be maintained for the sole purpose of providing retirement benefits to its members – …
When saving for a long-term goal, such as retirement, is it better to save small amounts for a long time, perhaps saving when we can ill-afford to, or waiting until later in life and putting larger amounts aside when it is more affo …
It's 2017-2018 FY tax time and that means a lot of people will be confused about what they can and can't claim as legitimate expenses on their tax returns. So as an industry leader in the area of tax and compliance, we thought we'd …
If you’re a trustee of one of the approximately 577,000 self-managed superannuation funds (SMSF) in Australia at the moment, there are some areas the Australian Tax Office wants you to pay particular attention to …