Are you a small business owner selling your business or disposing of an active business asset? If so, did you know you might be able to disregard some or all of any capital gain by putting the proceeds into superannuation?
Did you know that lower-income earning individuals who earn less than $450 per month are currently not eligible for superannuation guarantee (SG) contributions from their employer? The $450 per month threshold also applies if an employee has more than one part-time or casual job and they earn more than $450 per month from all jobs combined. It simply comes down to the amount earned per job which can disadvantage many younger or lower-income workers.
This is a safe, ballot box friendly Budget as expected with a focus on jobs, cost of living, home ownership and health. Some of the highlights of last night’s Federal budget include;
The Fringe Benefits Tax (FBT) year ends on 31 March. We’ve outlined the hot spots for employers and employees.
Are you over 67 years and looking to put extra money into your superannuation fund? Are you no longer working? The rules are changing from [...]
We often get questions from clients about what they can and cannot do in their SMSF. Often the questions relate to related party transactions – [...]
With over 1.1 million Australians choosing to manage their own Self Managed Super Fund, it has become a popular option for those wanting more control [...]
On 6 October 2020, the Federal Treasurer, Josh Frydenberg, delivered the Federal Budget for the 2020–2021 income year. The 2020-21 Federal Budget is a road to [...]
The Government yesterday released a second, far reaching $66.1 bn stimulus package that boosts income support payments, introduces targeted changes to the superannuation rules, provides [...]
Risk tolerance, time horizon, and asset allocation - you've dealt with these factors for a good part of your life, but now, in the face [...]