If you have a family trust there are two recent major (very major) things that have happened that will affect the way they will be taxed in the future. The first is the announcement in the Budget that trust … Read Full Story
If bankruptcy is on the horizon, one of the first questions people ask is what happens to their super. The answer turns on timing, the type of contribution, and how you draw on the fund. The general rule Money … Read Full Story
If you’ve stopped working in your early 60s and are receiving JobSeeker Payment (JSP) while waiting to access your super or the Age Pension, there’s an important rule you need to understand. The conditions attached to JSP can directly … Read Full Story
Discretionary trusts have been a familiar feature of Australian business life for generations, partly due to their suitability for asset protection and retirement planning, as well as their ability to legitimately achieve lower overall tax rates through income splitting, … Read Full Story
So, what do the Budget changes to the CGT discount mean to you? And what these changes will do is to allow any capital gain that accrues up to1 July 2027 to continue to be entitled to the 50% … Read Full Story
So, what do the Budget changes to negative gearing mean to you if you own a residential investment property? About this newsletter Welcome to the pscube client information newsletter, your monthly tax and super update keeping you on top … Read Full Story
No super changes were announced in this Budget. Keep in mind that from 1 July already legislated changes such as the Division 296 tax on balances above $3m and Pay day super start. So “no new changes” doesn’t mean … Read Full Story
BUDGET MEASURE: A new $250 permanent tax offset for income from work, from the 2027–28 income year, lifting the effective tax-free threshold to $19,985 (or $24,985 with LITO). Key points The impact of this measure is to effectively increase … Read Full Story
BUDGET MEASURE: The $20,000 instant asset write-off will be permanently extended for small businesses with aggregated turnover under $10 million. It will apply to eligible assets first used or installed ready for use from 1 July 2026. Our analysis … Read Full Story
BUDGET MEASURE: From 1 July 2027, the 50% CGT discount is replaced with cost base indexation plus a 30% minimum tax on real gains. Applies to all CGT assets including pre-1985 assets, with gains accrued before 1 July 2027 … Read Full Story
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