With the Australian federal election fast approaching, it is a good time to take a deeper look into the super and tax policies of each the two major political parties and how they could potentially affect you. It is important to note that these are...
There has been quite a bit of media around the proposed changes to negative gearing if Labor wins the election next year. In this article, we will explain how negative gearing works and what may change going forward. What is Negative Gearing? An investment is negatively geared...
We've all heard of the BoM&D (Bank of Mum & Dad) some of us are the bank and some of us are customers of it. The concept isn't a new thing but with property prices in Australia climbing to all-time highs, it means larger minimum deposits...
We’re a nation that loves property – and the ability to buy property within an SMSF can be a significant factor in establishing one. Based on the June 2017 SuperConcepts Investments Pattern Survey, property makes up around 20% of the value of all funds surveyed....
Here are some of the key changes that took effect on 1 July 2018 that could impact your situation or otherwise create opportunities for you and your family. Buying your first home? Status: Bill passed Effective: 1 July 2017 for super contributions and 1 July 2018 for release...
Most major lenders offer mortgage packages which include a mortgage offset account. Although the benefits of a mortgage offset account may be attractive for some people, they may involve higher fees, requiring some cost-benefit analysis. What is a mortgage offset account? Its really very simple. A mortgage...
The maximum value for participants in the First Home Super Saver Scheme (FHSSS) will generally arise from making voluntary concessional contributions (CCs) to their super fund. A large part of the benefit stems from the tax differential between personal marginal tax rates that would otherwise...
Scott Morrison’s third budget is headlined by $140 billion in tax cuts over the next decade, immediate tax relief of up to $1,060 a year for middle-income households and a fundamental reform of the tax system. Summary of Budget measures Note: These changes are proposals only and...
According to the ASG Planning for Education Index (link here) released in January 2018, the costs of educating your child through the private system could be as high as $475,342. It also estimates that it could cost $66,320 in the public system and around $240,679...
With the end of financial year (EOFY) approaching quickly, it’s now a great time to start thinking about some of the actions that you could be taken before 30 June to build your wealth tax-effectively. Your key priorities may include: Maximising super contributions without exceeding the...