There has been much in the press recently about negatively geared investment properties and whether the tax concessions will be reined in. However we are forgetting that you can negatively gear any investment, it doesn’t have to be property, and no one is talking about changing those rules. You can access the benefits of gearing… Read More Lets Negatively Gear Something Else
Thinking of coming back to Australia to retire? Then you need a plan in place to utilise the utopian Australian tax system, many years before your feet actually touch Australian soil. In your absence, the superannuation rules have changed such that with a bit of careful planning, once you retire over age 60, you might… Read More Retiring in Australia?
Update for 2016. Due to changes since the release of this post, please note the following updates; the $150k non concessional cap referred to in the video is now $180k; and the age at which you can start your transition to retirement pension is linked to your date of birth and may be higher than age 55. … Read More Why Super is so Super
Transition to retirement pensions enable those who are still working to turn their superfund into a tax free pension earlier. The main benefit of this is that the pension fund pays no tax on its income earned or capital gains, enabling it to grow more quickly. The date at which you can turn on a… Read More When Can I start a Transition to Retirement Pension?
Hi Did you know that I am one of the few Chartered Accountants who is also a financial planner? There are not many of us around – we are a very rare breed. So why do I do both? Well I think it is really important that your financial adviser understands your tax affairs. In… Read More Choosing a Financial Planner
Hi So this is one of my favourite strategies for those that want to give their kids something really special & long lasting, and it is so simple. I wish someone had done it for me! First off, did you know that a child of any age can open a superfund – they just need… Read More LOOK AFTER YOUR KIDS IN THEIR RETIREMENT
Super Co-Contribution rules for 2014/5 Yes the co-contribution is still here – just! The maximum the government will pay into your super is $500. To receive this you need to make a personal contribution to your superfund before 30 June 2015 of $1,000, and satisfy all the eligibility criteria as follows….. At least 10% of your income… Read More Free Cash from the Government