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 your (working)… Read More Free Money – Co Contribution
Claim Super contributions as a tax deduction. It may be possible for you to claim some super contributions as a tax deduction. This will be a useful strategy if ……. You forgot to salary sacrifice or did not sacrifice as much as you could, or You have a large capital gain this year which you… Read More 2025 Tax Tip : Top up your Super Contributions
There has been much in the press recently about the new Div 296 tax leaving many confused so I just want to clear up a few points here What is it? The new proposed tax will tax the growth in a members super balance (adjusted for pension withdrawals & contributions) each year at an additional… Read More Div 296 tax – $3m super balances
With the super guarantee increasing to 11.5% and the concessional cap increasing to $30,000 for the 2024/25 year from tomorrow, you may need to adjust your salary sacrifice amounts to keep your total super below $30,000 and/or ensure you are maximising your caps for the year end 30 June 2025. Chat to your payroll to… Read More Update your Salary Sacrifice
Remembering the end goal of retiring with the home paid off and as much as possible in the tax free super environment, it is a generally a good idea to put as much as you can into super every year. There are two types of contribution available each year; concessional (which includes employer SGC and… Read More Top up your super before 30 June
With the super guarantee increasing to 11% from tomorrow, you may need to adjust your salary sacrifice amounts to keep your total super below $27,500 for the year end 30 June 2024. Chat to your payroll to make any adjustments required. Lindsay
If you are in pension phase with an SMSF there are two things you need to be doing now; First is to add up all your pension payments this year to ensure you have paid no less than the minimum amount required. Failure to pay the minimum will result in your SMSF becoming non-complying and… Read More Double your Pension
Remembering the end goal of retiring with the home paid off and as much as possible in the tax free super environment, it is a generally a good idea to put as much as you can into super every year. There are two types of contribution available each year; concessional (which includes employer SGC and… Read More Topping up your super? Look back before forwards
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
Claim concessional super contributions as a tax deduction. As was the case last year, it may be possible for you to claim some super contributions as a tax deduction. This will be a useful strategy if ……. You forgot to salary sacrifice or did not sacrifice as much as you could, or You have a… Read More 2019 Tax Tip : Tax Deductible Super
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