SMSF year end Checklist
Six essential checks pre June for your SMSF. If you need assistance, call me to discuss on 02 8090 4112
Category: Superannuation
Six Super Tips
Make the most of the tax concessions around super with these tips this June. Call Lindsay to discuss on 02 8090 4112.
Change your Salary Sacrifice Today
As of 1 July 2017 the concessional contributions cap is reducing to $25,000 for everyone irrespective of age. If you have a salary sacrifice arrangement in place, you will probably need to adjust it down. Most payroll departments need several weeks notice to make any change, therefore why not do it today? The concessional contributions… Read More Change your Salary Sacrifice Today
30 Days to Financial Wellness
As we well know, without a plan, the financial goals we aspire to probably won’t materialise. With no structure in place, 10 years down the track, you may feel no better off than you are now, and wonder where your money went. However, sometimes knowing where to start is a stumbling block. So to start… Read More 30 Days to Financial Wellness
Managing the $1.6m Super Cap
It is often the case where one partner slogs away at home bringing up the family and the other escapes on a regular basis to go to work, that at the end of the day your superannuation balances may be very uneven. With the introduction of the $1.6m cap it is more important then ever… Read More Managing the $1.6m Super Cap
Quick – get those Non Concessional Contributions in now
Finally, the proposed super reforms have gone through with many changes to take place from July 2017. One of these well publicised reforms is a change to the Non-Concessional Contribution (NCC) cap, which is to be reduced to $100k p.a. (previously $180k). However, there are further changes to the NCC affecting those of you lucky… Read More Quick – get those Non Concessional Contributions in now
Super Reforms Passed
The budget super reforms have now passed the senate and only require royal assent to become law, which is thought to be a mere formality. The major changes are as follows Introducing a $1.6 million transfer balance cap which limits the amount that can be transferred to the retirement phase, where earnings are tax-free. This… Read More Super Reforms Passed
Further Changes to the Proposed Super Reforms
Today the Treasurer has announced changes to 2016 Budget super reforms. These are not yet legislated and could of course change again, however it is a start; The changes to the proposals are: The $500,000 lifetime cap for non-concessional contributions (NCCs) will be replaced with an annual $100,000 non-concessional contributions cap. So they have removed… Read More Further Changes to the Proposed Super Reforms
Tax Tip 2019 : More Free Money from the Government
Believe it or not there is still the possibility to get some free money from the government. The superannuation co-contribution is hanging on in there for a little longer so make use of it if you can and grab up to $500 of free cash. Even better, why not pop some $ into the kids’… Read More Tax Tip 2019 : More Free Money from the Government
Tax Offset for those with a Spouse
Do you have a spouse? Would you like to pay $540 less tax? If the answer to both of these is yes then read on as it is still possible to get a tax offset for superannuation contributions made on behalf of your spouse. It’s free money from the government, so if funds allow, why… Read More Tax Offset for those with a Spouse
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