Superannuation
5 Tips To Review Your Superannuation Contributions
Taxpayers, it’s time to review superannuation contributions With the end of the financial year fast approaching, it is time for you as a taxpayer to review your superannuation contribution strategy. This 5 point checklist provides a basic list of items for you to review. You may have additional considerations depending on your personal circumstances. But […]
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How Much Do You Need For Your Retirement?
How much do we need to save to retire? The question of how much you need to have saved before confidently launching into their retirement years very much requires an individual answer. The more the better may seem to be an obvious response, but then again, each one of us lucky enough to reach the brink […]
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Tax Deduction For Your Superannuation Funds (How to Claim)
You can now declare a tax deduction for your retirement savings A recent change to the rules around superannuation means that more Australians may be eligible to claim a tax deduction for putting money into super. Before June 30, 2017, if more than 10% of your income was sourced from salary or wages from an […]
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Superannuation Contributions ‘Work Test’ For Seniors
Superannuation contributions Work Test for seniors requirements Whether or not the trustee of a complying superannuation fund can accept member contributions for those aged between 65 and 75 depends on the member satisfying the “work test”. The work test requires a member to have been gainfully employed for at least 40 hours in a period […]
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New Transfer Cap And Its Effect On Child Death Benefit Recipients
Claiming a Child Death Benefit Claiming a Child Death Benefit is different after new laws Losing a loved one is never easy and it’s especially difficult when the loss is due to the death of one of our parents. Sadly, we will all share that experience at some point in our life. As we move […]
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Superannuation Guarantee | Know Your Obligations As An Employer
What is Superannuation? Superannuation, commonly known as super, is the money you pay on behalf of your workers to provide for their retirement. Employers have Super Guarantee obligations they must meet or face penalties. Generally, if you pay an employee $450 or more before tax in a calendar month, you have to pay super on top […]
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