From time to time a Self Managed Superannuation Fund (SMSF) is really not necessary. The discussion comes up as to whether to close the fund and move it back to retail super. Be warned, this is not as straightforward a process as it was moving from retail to SMSF in the first place. Consider this before […]
Summary The Reserve Bank of Australia Board met on 2 May 2017 and left the official cash rate on hold at 1.5%. There has been no change in the official cash rate since August 2016. The Federal Government released its 2017/18 Budget, resetting its Budget and economic narrative to focus on “fairness, security and opportunity”. The Australian […]
With June now here we thought one more update is in order before the financial year comes to a close. For employees… This is the first tax year that you can top up your deductible super contributions before June 30 by making a lump sum contribution. So as an example, if your employer has paid […]
I’ve seen a lot of Australians over the years after the fact. By this I mean I’ve seen clients after they have made the decision or commitment to invest or buy or go down a particular avenue, or after they have an illness which precludes them from getting insurance. It raised the question for me, […]
From the 1st of July the most that can be contributed to super for which you can claim a tax deduction is $25,000. This includes the money that your employer is paying through super guarantee charge (SGC). So if your employer pays $10,000 per annum in SGC on your behalf, then the most you can […]