Downsize your home, upsize your super!
Over 65? Thinking of selling your home? Since 1st July 2018 you may be eligible to contribute up to $300,000 ($600,000 for a couple) from the proceeds of the sale of your home to your superannuation fund.Read More
How to Turbo boost your Retirement Savings
In this article we take a look at the issues that impact on super balances and detail how salary sacrificing works. We go on to look at a case study to explain the tax and contribution benefits.
Don’t wait until your 60s to see a Financial Adviser
Ask most people in their 30’s who their financial planner is, and the typical response might be huh? Most younger people have the perception that financial advisers are for older people with plenty of money to invest.
Whilst it’s true that people nearing or in retirement will benefit from sound advice. so will younger people. With the benefit of having time on their side, and with some help from an adviser, a 30-something can easily create a wealth formation plan that can provide a substantial payoff in the future.
Making Christmas a time of joy for you!
Some tips and insights to help you get ready for the gift-giving and celebrations of Christmas.
A Tale of Two Retirements
John and Jane Jones have worked hard their whole lives, paid their taxes and, now they have retired, they feel they are entitled to a full age pension.
A lifetime of super – and it’s not just about retirement!
Life is for living, not retiring, but there may come a time in your life when you either want to change what you’ve been doing and stop working completely, or take a long break and work out what’s next.
10 important tips for business owners
As a business owner, there is always something to do, however many owners often spend more time working in the business than they do on the business.
Putting funds away for BAS, Tax and Super
As a sole trader or small business, if possible, it is best to put money aside throughout the year to help pay for your tax. Make sure you regularly set money aside, or are aware of future tax payments, so you are able to meet your tax responsibilities. A set routine for putting aside tax as you go is essential to avoid any tax-time panic.
Recording your deductions
When lodging your tax return its important to have a record of all your work-related expenses and their associated receipts. Keeping good records is essential to allow you to complete your income tax return and to back up all your claims.
