Self Managed Super Fund Articles
2020 2nd Stimulus Package
The Federal Government has released a Second Economic Stimulus Package of $66 Billion now making their response in value of up to 9.7% of GDP. Here are the benefits you may be eligible for: -$750 Payment to Social Security, Veteran, other Income Support recipients,...
2019 Federal Budget Changes
2019 Federal Budget Changes - Individuals Increase the Low and Middle Income Tax Offset from 1 July 2018 for this Current 2019 Financial Year from $530 up to a maximum $1,080 to be received on assessment. To provide an immediate benefit to assist families with...
2019 Federal Budget Changes – Superannuation
Remove the Work Test for People Aged 65 and 66 years from 1 July 2020 Remove the need to meet the Work Test to make voluntary superannuation contributions of both concessional and non concessional contributions by people aged 65 and 66 years from 1 July 2020. Access...
2018 Tax Planning Options (Video)
https://youtu.be/Pp31pg54LN4
2018 Tax Planning Options
Want to Save Tax Now? Let Us Give You Direction. The 2018 Budget has pushed most of the proposed tax benefits to 2023 and 2025 financial years. How do you save tax now? Do the following Options Apply to You? Making Personal Super Deductions is a great way to Save Tax!...
2018 Federal Budget Changes – Superannuation
Exemption from the Work Test To Make Personal Contributions in the First Ineligible Year From 1 July 2019, the Government plans to provide an exemption from the Work Test for people aged 65 to 74 for voluntary contributions to superannuation where there superannuation...
2018 Federal Budget Changes
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...
Step 4 in Maximising Superannuation
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...
Step 3 in Maximising Superannuation
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...
Step 2 in Maximising Superannuation
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...
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