Superannuation and inheritance: making your wishes known
Superannuation and inheritance: making your wishes known People often think their superannuation will be treated as part of their estate when they die and distributed according to their Will, but that’s not the case. Unless you have nominated your beneficiaries, the decision as to who receives your super is in the hands of the trustees of your fund. When that happens, the […]
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How to avoid common SMSF mistakes
How to avoid common SMSF mistakes Running your own self-managed super fund can be time-consuming, but it’s about to get a little easier thanks to a change announced in the May 2018 Budget. From 1 July 2019 SMSFs will be able to move to three-yearly audits if they have three consecutive clear audit reports and lodged their annual returns on time. […]
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Tax Alert for June 2018
Tax Alert for June 2018 Budget promises tax cuts now, more later While the May 2018 Budget delivered modest personal tax concessions for the upcoming financial year to Australian taxpayers, the big news was a new long-term tax plan that will overturn the existing progressive tax system. Here’s a roundup of the latest tax news: Tax offsets for lower income […]
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Tax traps for expats
Tax traps for expats Every year more Australians head overseas to work for an extended period. While it can be great fun and a boost for your career, it’s important to remember the tax man will be taking a keen interest in your offshore activities. Whether it is the capital gain on your former home, where your super contributions […]
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What will the Budget mean to you?
What will the Budget mean to you? The Budget promises to deliver a strong economy, more jobs, guaranteed essential services and the government living within its means, so what does this mean to you? Encouraging tax cuts There’s immediate relief for Australians on low to middle incomes, as well as light at the end of the tunnel for higher-income earners. Those earning […]
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