Is an SMSF right for you?
Is an SMSF right for you? A self managed super fund (SMSF) is a superannuation trust structure that provides financial income to its members in the retirement phase of their life. The main difference between SMSFs and other super funds is that SMSF members are also the trustees of the fund. SMSFs are a ‘Centre of Excellence’ for Maddern Financial Advisers. […]
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Tax and the family home
Tax and the family home Australians love property and for the property owners among us, it’s been a nice feeling watching market values rise. It’s worth remembering though, the tax man could want a share if you sell. Unless the property is your primary residence, you could find capital gains tax (CGT) taking a cut of your profits. CGT applies […]
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Red open sign hanging in shop front glass door
Buying a business Set yourself up for success Many of us dream of running our own business, with all the independence and satisfaction that offers. While striking out on your own can be personally and financially rewarding, getting off to a good start is crucial to success. So if you are seriously thinking about becoming your own boss […] Read more
Self worth = net worth
Self worth = net worth How to build confidence and change your financial direction At the start of the year, many people reassess their finances in preparation for the year ahead. This inevitably involves a review of income sources. For many people, this is a bit of a sore spot as it can cause doubt or regret about career choices. […]
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End of Financial Year Checklist
End of Financial Year Checklist Planning for the end of the financial year is a little harder this year, with a federal election just days later which could result in sweeping changes to superannuation, negative gearing and business taxation. All the more reason to get on the front foot to make the most of the current tax arrangements while you […]
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