CHANGES TO CONTRIBUTION LIMITS

Taking effect from 1 July 2017, the concessional contribution cap is now $25,000 for everyone, so ensure any reserving and salary sacrifice strategies are appropriate. The annual (after tax) non-concessional contributions cap is $100,000, and the 3-year bring-forward cap is $300,000. This has changed from the 2016/2017 year, where the annual after-tax contributions cap as […]

5 reasons to move to cloud

But first, what is the cloud? “The cloud” is most likely a phrase you have heard many times before, but what exactly does it mean?! The cloud is a term used to describe storing your data remotely by utilising the internet. Sounds complicated, however the hard work has already been done for us. Small business […]

Superannuation reforms 2016 – most significant super reforms in a decade and how to benefit from the opportunities it brings

  After months of uncertainty, consultations and amendments, the superannuation reforms announced in the 2016 Budget finally received Royal Assent. These changes are being hailed as the most significant super reforms in a decade since the Simplified Superannuation reforms of 2007. It’s important that you understand the impact of these changes and plan your finances […]

In SMSF
Posted

Why strive for financial freedom?

It seems like a simple question but slightly more challenging when it comes to providing a meaningful answer. There is no right or wrong answer because everyone is unique, and how you define and value financial freedom is what you do with it. At the end of the day, it’s not all about the dollars […]

In SMSF
Posted

What’s involved in running a Self Managed Super Fund (SMSF)?

SMSFs are one of the fastest growing sectors of the superannuation industry. The Australian government wants to ensure funds are managed properly in order to accumulate retirement benefits for members thereby reducing future reliance on government pensions. Anyone who advises on SMSFs must hold an Australian Financial Services Licence and be qualified in advising superannuation [...]

Load More