What to expect in 2015
It’s almost impossible to predict what the local and global economic environment has in store for us in 2015. The ‘who knows’ factor is adding to uncertainty and in general, business is not ramping up…
Property Investment & SMSF
Former Prime Minister Paul Keating recently suggested that Self-Managed Superannuation Funds (SMSF) should be restricted from investing in residential property. Mr Keating told the Financial Review, “If I was treasurer today, I would be looking…
What Happens To Your Super When You Die?
The general rule is that superannuation is not part of your estate unless you expressly make it part of your will, right? Well, maybe not. A recent case before the courts serves as a warning…
Important Superannuation Update
As we enter the new financial year it is important to take note of several important superannuation changes and updates. Superannuation Guarantee Rate From 1 July 2014 the rate of superannuation guarantee required to be…
Budget 2014/15: Superannuation
Super Guarantee rate increase rephasing Some clarity at last on what is happening with the superannuation guarantee (SG) rate. The previous Government introduced changes to the superannuation guarantee rate to bring it up to 12%…
What SuperStream means for Self Managed Super Funds
From 1 July 2014, superannuation funds receiving contributions for members whose employers have 20 or more employees will need to be ready to receive electronic contribution payments and information under the SuperStream standard. Superannuation funds…
What SuperStream means for Employers
From 1 July 2014, employers with 20 or more employees will need to start implementing SuperStream compliant payroll systems and commence paying and reporting superannuation contributions electronically on behalf of their employees prior to 30…
Salary sacrificing
If you haven’t reviewed your salary sacrifice arrangement for a while then two recent changes should have spurred you into action. The first is the increase to the super guarantee (SG) rate from 1 July…
2013 Federal Budget
The Federal Government's 2013 Federal Budget was released earlier this week. The following summarises the key financial planning measures announced. Superannuation Superannuation Measures announced 5 April 2013 Raising the concessional contributions cap to $35,000 for…
Super Changes for 2013
On the 5th April 2013, the Federal Government announced their proposed changes to the superannuation system. Increase in concessional contribution cap From 1 July 2013, proposed higher concessional contributions cap of (unindexed) $35,000 concessional cap for…
