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03 Jun 2024

Making your super last in retirement

Superannuation is often a key source of income when you retire so it’s important to ensure your investment strategy makes your retirement savings last for as long as possible Shifting investment strategy objectives As you approach retirement, your investment … Read Full Story

16 May 2024

Federal Budget 2024-25

The Federal Budget for 2024-25 was handed down on Tuesday 14 May 2024. It contains a range of proposed measures across the areas of income tax, superannuation, tax administration, and related cost of living measures. Some of these may … Read Full Story

07 May 2024

How myGov can help you track your super

Your total superannuation balance (TSB) is an important concept as it impacts your eligibility for up to six favorable superannuation-related measures, including the following: Bring forward the non-concessional contribution (NCC) cap. Carry forward concessional contributions. Superannuation spouse tax offset. … Read Full Story

07 May 2024

Succession planning for family businesses

For most family businesses as well as private groups, succession planning (sometimes known as transition planning) involves considerations around the eventual sale of your business, or the passing of control of it to other family members when you retire. … Read Full Story

06 May 2024

Rental properties: Traps and pitfalls

Following the ATO’s claims that nine out of ten residential rental property investors who have been audited have been getting their returns wrong, it might be worth touching on some of the tax traps and pitfalls to be wary … Read Full Story

06 May 2024

Take care with contribution timing this financial year

Are you planning to maximize your superannuation contribution caps this financial year? If so, it’s crucial to get the timing right so your contribution is received by your superannuation fund in the current financial year. Lessons from a recent … Read Full Story

06 May 2024

Selling your home? Beware of a partial capital gains tax liability!

With the temptation for homeowners to cash in on spiralling house prices around Australia, it is important to turn your mind to whether you may only have a partial capital gains tax (CGT) main residence exemption available to you, … Read Full Story

08 Apr 2024

Mortgage vs super: Where should I put my extra cash?

Many of us wonder about the best vehicle to use for our extra savings. Is it better to direct extra savings to your mortgage or superannuation? As with most financial decisions, there is no one-size-fits-all approach as it depends … Read Full Story

08 Apr 2024

The tax treatment of compensation payments can be tricky

If you have had a rental or commercial property damaged by recent summer storms (or bushfires or floods) you may have received a insurance payout to cover the damage. You may be surprised to know that this payout is … Read Full Story

08 Apr 2024

Selling your home to a developer? Beware the tax consequences!

The NSW state Government is attempting to help with the housing affordability crisis by making areas around train stations and shopping centres eligible for rezoning for denser development. It will be important to see your tax adviser if you … Read Full Story