Hi Everyone, Just managing to squeeze the August newsletter in before the end of the month – but I have many excuses including my birthday! The trees are budding, spring is near and I have 4 hand reared ring-tailed possums almost ready for release. Anyone want them released in their garden? Still, hand feeding possums… Read More August Reflect
Are you a fair dinkum Non-Resident? With 23AG exemptions no longer available, there have been a vast number of individuals who are wishing to be treated as non-resident for tax purposes from 1 July 2009. The ATO are aware of this, and over the next few years will check the cirumstances of those whose residency… Read More Are you Really a Non Resident
Here is a useful leaflet to read and remember for a future day. It explains the basics of aged care and how I can help your parents both access care, and structure their assets to maximise their pension and minimise their aged care fees. Add that to the estate planning tips that will be published… Read More Aged Care – Helping your parents with their finances
The government’s co-contribution scheme is still in force for the 2012/13 year -albeit in a watered down state. The government will contribute 50% (up to a maximum of $500) of a non-concessional contribution you make to your superfund before 30 June 2013. To be eligible, your taxable income + fringe benefits + salary sacrificed super must… Read More Contribute before June 30 for a free $500
I am sure you are all hanging on the edges of your chairs for my budget update. So putting aside the removal of the baby bonus, which has been done to death in the media (and in my opinion was about $1m short of an incentive to have more children), here are some other, perhaps more important,… Read More Budget Update 2013
The Federal Government has just passed legislation that gives them the power to take your money from your bank account if you have not used it for 3 years. What do you mean? That’s outrageous! The budget deficit has to be filled somehow. From the 31st of May 2013, the Federal Government will have the… Read More New Legislation
Here are my top 6 retirement plans that are doomed to fail! You would be surprised how often I hear them: 1. Assuming that your spouse will agree to your grand plan of downsizing the family home or moving to a different area on retirement. 2. Assuming that your parents will leave you an inheritance.… Read More 6 Retirement Plans Doomed to Fail
No idea where your money goes? Arm yourself with three months of bank and credit card statements, a glass of wine and the spreadsheet on this link. It is best if one of you completes it to start with. Then discuss the results, (nicely & in a productive manner) with your other half (if applicable),… Read More Free Cashflow Spreadsheet
Dear All, We were lucky enough in March to benefit from one of the wide range of activities available at schools today. Short thing went away on school camp for a week! Smelling freedom, we rushed off to Bankstown to take the “home-made plane” for a holiday, and over 4 days we covered nearly 4,000km.… Read More April Reflect: How Much is Enough?
Lots of announcements on super today, as I am sure you will all be aware. All of which will be tabled IF the current government is re-elected. A way to go then! So first the good bits; No changes to transition to retirement pensions for the over 55’s No change to the taxation of pension income drawn… Read More Changes to Super
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