Category: Super

The Lower and Middle Income Tax Offset Has Been Extended Till 30 June 2022, Are You Eligible?

This year has seen a lot of amendments and changes to the rules governing superannuation funds and their providers by the Federal Government that may have an impact on how you as…

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Asking For Forgiveness Rather Than Permission Doesn’t Work With SMSF Breaches

There is a proverb that says that it is better to ask for forgiveness than to ask permission. Generally speaking, the idea behind this saying is that if you ask for permission…

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Why You Should Be Checking Your Super Now Rather Than Later

Retirement might seem like a far off dream for many in the workforce, but it’s never too early to start thinking about how much money you might require to live comfortably in…

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Why Should You Use A Corporate Trustee Instead of Individuals For A Family Trust?

A family trust is a great structure.  It provides tax flexibility whilst giving you asset separation in two directions.  But what does asset separation in two directions mean? And why might we…

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Recent Changes To Your Superannuation That You Need To Know

There were a few changes to superannuation that were passed by the Senate recently.   You can now use the bring-forward rule to make three years’ worth of non-concessional contributions (where you…

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Super Guarantee Rate To Rise On 1 July

Many years ago Julia Gillard’s government announced increases in the Superannuation Guarantee rate from 9% at the time, up to 12%.  The impact of the Global Financial Crisis has led subsequent governments…

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High School Students, It’s Time To Get Creative About Tax & Super

The ATO’s Tax, Super + You competition is a fun and engaging way for Australian high school students to learn about tax and super, unleash their creativity and potentially win some great…

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Getting a Double Deduction for your Super Contributions?

Each year you are entitled to a tax deduction for a certain amount of superannuation contributions. The tax deduction is available to your employer if they contribute on your behalf but it…

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Downsizer Contributions – What Are They?

If you are aged 65 years or older, you are currently able to make downsizer contributions of up to $300,000 into your superannuation fund from the sale of your main residence (as…

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Removing Superannuation’s Minimum Income Threshold Limit

From 1 July 2022 employees will no longer need to meet the monthly minimum income threshold of $450 to receive superannuation guarantee payments from their employers due to the Federal Budget’s recently…

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