The government has just announced that it had been successful in gaining support for the repeal in the Mining Tax Tax, but with that comes a freeze on the increase in Superannuation Guarantee Contributions (SGC). Until this year’s budget, the Labor government had SGC reaching 12% by 2019. This change sees it staying at 9.5% until 2021 before increasing in... More Information ▶
Have you ever wondered what your super is actually going to give you once you decide to stop working? When is it going to run out? Will there be any left for the kids? Here, we use the ASFA “Will My Super Savings Be Enough” calculator to show you how you can determine: When can I access my super? How... More Information ▶
Are you too young and busy to know whether you even WANT to retire yet, let alone when and how? Like most 30 and 40-somethings, have you filed superannuation in the too hard basket? Because who knows what you’ll be doing in 5 years, let alone 20 or 30? Well, forget retirement for a minute. Just think of your Super... More Information ▶
What happens after you go is often one of those things left for someone else to worry about. But your adult kids won’t thank you for an unnecessary tax bill, so what can you do about it? A large portion of most people’s Super is considered “taxable” due to the fact that they or their employer have received a tax... More Information ▶
For many business owners, the eventual sale of the business or businesses IS the retirement fund. And current profits are used to extend the business or fund personal lifestyle decisions such as luxurious family holidays. In fact the more successful a business is, the more the family tends to rely on its future success to fund an accustomed lifestyle. So... More Information ▶
