Federal Budget 2016

Superannuation Changes to concessional superannuation contributions The annual concessional contribution cap will be reduced from 1 July 2017 to $25,000 per annum for all ages. From 1 July 2017, high income earners will pay an increased level of contributions tax on concessional contributions – from 15% to 30% for income of $250,000 and above. What […]

2013/14 Company Earnings Results

One of the research houses we follow has released their report on the 2013/2014 earnings season. I encourage you towatch this video: If you wish to discuss this video further, please call our office. Jessica Waller.

How much can I contribute to my super fund?

With a change of government and the ever evolving superannuation environment, I would like to bring your attention to the new concessional contribution caps. For 2013/14 financial year For those aged 60 and over, the concessional contribution cap is $35,000 p.a. This applies to those that are turning 60 during the 2013/14 financial year. For […]

Federal Budget Announcements

On Tuesday nightTreasurer Wayne Swan handed down his sixth Budget with a larger than anticipated deficit. I would like to focus on the following key announcements that we feel are important to our clients: Confirming proposed changes to superannuation announced on 5 April 2013 Increasing the Medicare levy by 0.5% from 1 July 2014 Not […]

The Nest Egg or the Nest?

The Great Australian Dream-to own your own home. To be debt free upon retirement. But is it more tax effective to allocate additional mortgage repayments into your superannuation? Advantages of making additional mortgage repayments Achieve security of owning your own home Flexibility- as many home loans allow you to re-draw additional repayments Interest payable saved […]