How will a Labor victory affect your SMSF? A possible plan….

I have recently read an Australian Financial Review opinion piece from John Maroney, the CEO of the SMSF Association, Australia’s premier independent professional body representing the Self-Managed Superannuation Fund (SMSF) industry. The article details how key Labor policies, if elected, will have an impact on SMSFs.  Below I have extracted important pieces from the article. […] Read More

Retirement – It’s not (just) about the money!

I believe I have written about this topic before, but with the amount of conversations I have been having with many clients and friends on this same subject over the last 12 months, it feels appropriate to raise it again. Retirement usually involves one or a combination of the following: Sale or transfer of a […] Read More

Civil Penalties for Trustees of SMSF’s

There are generally 2 types of penalties the ATO can impose on SMSF Trustees for contraventions which have taken place: Administrative Penalties – this is generally for minor breaches of the SIS Act.  The ATO will normally request the Trustees to take measures to amend or correct the breach and providing this is done in […] Read More

Employees – Want some easy money??

One of the frustrations many of our employee clients have is they are sometimes limited in their ability to claim tax deductions to help reduce their taxable income. However, one of the changes made in last years’ Federal Budget is currently flying under the radar due to the focus on many of the other complex […] Read More

“The 8th wonder of the world”

I have been asked many times – “How much money do I need to retire on?” My answer is always the same – “it depends on what your living style will be when you retire”.  If you are going to take an overseas holiday every year and lavish those around you with gifts – then […] Read More

Superannuation changes from 1 July 2017

Is the world about to end?? With two weeks to go until 30 June 2017 I thought it was the right time to offer a reminder of what is happening to superannuation from 1 July 2017.  It is also the right time to remind you of what actions you might need to take to ensure you are well prepared for […] Read More

Super Changes – It is starting to happen!

It is now 6 months since the May budget superannuation announcements, these announcements in some cases have been significantly amended and now we are at the stage where legislation is being introduced to Parliament. Finally! So what does it all look like and what will it mean for taxpayers? There are many different components to the proposals, […] Read More

2016 Federal Budget

Some really good things coming out of the Budget announcements! I am sick of all the negativity from commentators and Politicians following the Budget. So I am setting some facts straight! Firstly of course – the Budget is a proposal, it is not law and won’t be until a Party gets elected and then their […] Read More

Will you be living on 30% of the income in retirement?

I have recently listened to an interesting speech by Meg Heffron who is an Actuary and known within the Industry as a specialist. She was speaking about the level of retirement savings of different age groups and what kind of retirement income these will allow for. One of the age groups she spoke about was […] Read More

The (Super) Times are a Changin’

We are less than 10 days away from Scott Morrison’s first budget and one thing you can guarantee is there will be some proposed changes to superannuation. What will the changes be? We don’t know exactly as the Government has confirmed nothing at this stage, but the next guarantee I can offer you is the […] Read More