WHAT YOU NEED TO KNOW ABOUT TRANSITION TO RETIREMENT

WHAT YOU NEED TO KNOW ABOUT TRANSITION TO RETIREMENT

The transition to retirement (TTR) strategy allows you to access funds from your super account as you work. You should consider opting for this strategy to either supplement your income if you would like to reduce your work hours, or boost your super and save on tax...
CGT DISCOUNT FOR AFFORDABLE HOUSING

CGT DISCOUNT FOR AFFORDABLE HOUSING

An additional 10% capital gains tax (CGT) discount may be available when you sell an Australian residential rental property that you used to provide affordable housing. This move will increase the maximum capital gains discount percentage on your sale from 50% up to...
FINANCIAL PREPARATIONS TO CONSIDER BEFORE DEATH

FINANCIAL PREPARATIONS TO CONSIDER BEFORE DEATH

Preparing for your death is the very last thing that anyone wants to think about. However, taking care of these financial aspects will give you peace of mind and make handling financial affairs easier for your family members. Your partner or other family members...
SPOUSE SUPER CONTRIBUTIONS AND WHAT THEY INVOLVE

SPOUSE SUPER CONTRIBUTIONS AND WHAT THEY INVOLVE

The spouse contributions tax offset may be beneficial if your partner is a stay-at-home parent, working part- time, or is out of work. Unfortunately, low-income earners are not able to accumulate a lot of money in their super fund. Fortunately, individuals are able to...
COVID HARDSHIP FUND

COVID HARDSHIP FUND

The Victorian Government’s Small Business COVID Hardship Fund will assist eligible small and medium businesses: whose operations have been severely impacted by COVID-19 restrictions that have been in place between 27 May 2021 and August 2021 that have experienced at...