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 ▶
Historically, the ATO only had extremely harsh penalties in the form of Trustee Disqualification, or rendering a Fund Non-Compliant and imposing the loss of all tax benefits. Because the “time” far outweighed most crimes, the ATO rarely took these courses of action. However from 1 July, the ATO will be providing either "education" or “rectification” directions along with fines for... More Information ▶
