As of 1 July 2018, people aged 65 years or older are able to make downsizer contributions into their superannuation fund of up to $300,000 from the...
DOWNSIZER CONTRIBUTIONS INTO YOUR SMSF
read more
COSTS OF INVESTING IN PROPERTY
There are many fees associated with investing in property that impact overall cost and profit. Costs to buy and sell Buying and selling property...
WHAT IS THE RIGHT AMOUNT OF LIFE INSURANCE
How do you decide what amount of life insurance is the ‘right’ amount, especially when there are so many unknowns? Life insurance should ideally...
SUPER GUARANTEE RATE RISE
An increase to the superannuation guarantee (SG) is set to go ahead from 1 July which will see the base rate rise from 9.5 per cent to 10 per cent,...
INCREASE TO SUPERANNUATION CONTRIBUTION CAPS
From 1 July 2021, Australians will be able to put more into their super as the concessional and non-concessional contribution caps as well as the...
DO YOU HAVE ATO HELD SUPER
As of 30 June 2020, $13.8 billion was held by the Australian Taxation Office (ATO) as lost or unclaimed superannuation in accounts across Australia....
THE AMAZING POWER OF COMPOUND INTEREST
If you were to ask a 25-year-old where their superannuation is invested, at least half of them would have no clue. They probably would not be able...
Business Costs Assistance Program – June 2021
The Victorian Government’s $371 million Business Costs Assistance Program Round Two will assist eligible small to medium businesses most affected by...
BINDING FINANCIAL AGREEMENT PROS AND CONS
A binding financial agreement could be beneficial to partners with many solely owned assets. A binding financial agreement is similar to a...
Car Expenses
What’s under the bonnet? If you use your own car for work purposes (this may be a car you own, lease or hire under a hire-purchase agreement), you...