Superannuation

You may be aware that the Government recently announced measures which allow individuals affected by the economic impacts of COVID-19 to access a limited amount of their superannuation early. Making the decision to access your superannuation early is a significant one and if possible, should be...

Financial stress. We all face varying degrees at some point in our lives. Whether we like it or not, a lot of our life goals revolve around our ability to manage our finances effectively. With 59% of Australians admitting their current financial situation causes them angst*,...

You may be aware that the Australian Tax Office (ATO) has issued letters to nearly 18,000 SMSF trustees as part of a campaign to ensure trustees are aware of their investment obligations. Of key concern is ensuring that trustees have considered diversification and liquidity of their...

Superannuation rules in effect for the 2018/19 financial year continue to limit the amount of money Australians can contribute to the tax advantaged superannuation system. So, how much can you contribute this financial year? Here’s a brief summary. Contributions which qualify for a tax deduction: Concessional contributions (which include...

From 1 July 2018, people aged 65 and over will be able to sell their main residence and then make a ‘downsizer’ contribution into superannuation of up to $300,000 from the sale proceeds of their main residence. Both members of a couple can take advantage of this...

Leaving your family home and moving to a residential aged care residence can be a challenging time with many personal and financial decisions needing to be made but early planning and good advice can minimise the impact for you and your family.  In this article,...

With the end of the financial year fast approaching, now is the perfect time to ensure everything is in place for your SMSF before 30 June. The following are some superannuation strategies that you might want to know more about to get the best out...

An SMSF friendly budget is the good news coming out of the 2018-19 Federal Budget. With SMSF members still working through the wide-reaching and complex superannuation changes which took effect from 1 July 2017, this Federal Budget will provide much needed stability while looking to...