Why It Can Pay To Put As Much As Possible Into Super As the retirement day of reckoning looms, it’s common for Australians of a certain age to regret not putting more into their super earlier on. While recent changes to the super rules make it easier...
Introduction to Capital Gains Tax Capital Gains Tax (CGT) is a tax levied on the profit or loss you make when you sell or dispose of an asset, such as a rental property. It is not a standalone tax but forms part of your overall income...
The lead-up to June 30 is a great time to review your financial situation to make sure you take advantage of end of financial year strategies and concessions available to you. The following tax and super strategies could minimise your tax bill and maximise your...
Key Points: The government plans to cap tax concessions on certain higher balance super accounts from 1 July 2025. The proposed changes will subject earnings on amounts in the accumulation phase above $3 million to tax at the higher rate of 30%. Details that haven't been addressed include...
The transfer of intergenerational wealth is set to become a major issue in the coming decade. As baby boomers retire, they will be transferring their wealth to the next generation. This transfer of wealth is estimated to be one of the largest in history, with...
The Government has implemented its election policies and expects lower budget deficits this year and next thanks to another revenue windfall and various savings. Future years show a significant deterioration though as structural spending pressures, higher interest rates and lower productivity growth impact. As the...
Cash injection to provide short-term cost relief We review the Australian Federal government’s 2022/23 budget and assess its implications for Australia’s financial markets. •This is a pro-growth budget that emphasises cash payments to alleviate near-term cost of living pressures on consumers. These measures are mostly temporary in...
On 29 March 2022, the Government handed down the 2022-23 Federal Budget. Whilst we know this is a pre-election Budget, with the next Federal election to be held in May 2022, it is possibly not a typical pre-election Budget full of spending promises. This is perhaps...