by Jeremy Mohr | May 10, 2018 | Business, Individual, Self Managed Super Fund
Personal Tax Cuts in a 3 Step Plan to be Implemented Over 7 years Step 1: Target Relief for Low and Middle Income Earners The government will introduce the Low and Middle Income Tax Offset (LAMITO) which is a non-refundable tax offset of up to $530 per year made...
by Jeremy Mohr | Nov 15, 2017 | Self Managed Super Fund
Step 4 in maximising your superannuation benefits is being proactive in the investment of your super. You need to make it work for you with income returns and capital growth but you also need to protect yourself from any market crashes and individual investment...
by Jeremy Mohr | Nov 15, 2017 | Self Managed Super Fund
Step 3 in maximising your superannuation benefits is utilising two of the four small business capital gains tax concessions being the Retirement Exemption and the 15 Year Exemption. You need to meet the basic conditions to be eligible to use these concessions which...
by Jeremy Mohr | Nov 14, 2017 | Self Managed Super Fund
The non-concessional contribution cap reduced to $100,000 per year from 1 July 2017 which changed the 3 year bring forward rule to $300,000. Non-concessional contributions are after-tax contributions that you contribute to your super fund. People between the ages of...
by Jeremy Mohr | Nov 13, 2017 | Self Managed Super Fund
The concessional contribution cap for deductible super contributions has reduced to $25,000 per year for everybody from 1 July 2017 except for an exemption for people with account balances of less than $500,000 from 1 July 2018 usable in 2020 FY. Concessional or...
by Jeremy Mohr | Nov 13, 2017 | Self Managed Super Fund
The most comprehensive superannuation reforms since 2007 started on 1 July 2017. You need to be aware of the rules and be proactive in planning for your retirement. Your 1st objective is to accumulate benefits of $1.6 million in your superannuation as this is the...
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