It may be worth dusting off last year’s PAYG summary. It is about to become a collector’s item. Single Touch Payroll is with us, and it’s changing the way your wage or salary is recorded. If your workplace has 20 or more staff, the boss should have started using Single Touch Payroll (STP) last July. […]
Superannuation
Tax Advice: 2019 Tax Return | Increase Your Tax Refund | Superannuation | Tax Deductions | Medicare and Health Insurance
Death and Taxes – What You Need to Do
Any death in the family is a very difficult time for all involved. Apart from the emotional burden, there are also a range of administrative tasks that need to take place after a bereavement. This death and taxes article covers the main steps family members should take to ensure tax obligations are met. Death […]
$2,025 in Unpaid Super Every Year – Here’s What You Can Do About It
Would it bother you if your weekly or fortnightly pay was consistently 10% short? Once you noticed, would you do something about it? If you’re like most Australians, the answer would be a resounding “Yes!”. Here’s the scary part: this is exactly what is happening to as many as one in three Australians. So, what’s […]
Find Lost Super – Do you have lost superannuation waiting to be found?
If you find lost super, it could give your retirement a boost. It might even mean you can stop working a bit earlier and enjoy your retirement that much sooner. Millions of Australians have more than one superannuation account (super fund). That can mean paying more fees and getting less growth in your savings. You […]
What do I need to know about Superannuation?
Superannuation is a way to save for your retirement. Mandatory super fund contributions put Australians way ahead of people in some other counties that have no required retirement contributions. Superannuation is fairly straightforward for most of us who earn a wage or salary because it comes out of our pay, and that’s the last we […]
What are the superannuation contribution limits
When you know the superannuation contribution limits – and the different ways to add money to your super – you can boost your annual tax refund and save painlessly for your retirement. A healthy Superannuation fund is an important part of planning for your retirement. Putting extra money into your superannuation is a great investment in your future. Once […]
What’s A Good Superannuation Strategy For Me?
(With links to how-to videos from Money Magazine) It doesn’t matter whether you’re in your 20’s or almost ready to retire: A good superannuation strategy can make the difference between a comfortable retirement and a financial struggle. The Government continues to make changes to how you receive the aged pension in retirement, therefore the amount of superannuation you […]
Super Tips:
Your superannuation questions answered. Just thinking the word ‘superannuation’ can make your brain spin. To help you out, here are answers to some of your top superannuation questions. “Are my super contributions tax-deductible?” If you’re an employee, you can contribute between $25,000 and $35,000 (depending on your age), including your employer’s required 9.5% super contribution. […]
How much super do I need for a comfortable retirement?
Everyone has different ideas of how their retirement might ‘look’. How much super will be enough depends on many things, starting with what a ‘comfortable’ retirement looks like to you. You might want to travel. You may want to dine out every week at a fancy new restaurant. You might just want to help your […]
Do you have lost Super waiting to be claimed?
It is estimated that 50% of Australian workers have some level of lost Super. That’s a serious amount money! As of 30th June 2018 there were 6.2 million lost and ATO-held Super accounts valued at $17.5 billion. Every week we chat with clients who tell us that they’ve lost track of a chunk of their Super. Each new […]
Trans-Tasman transfer of retirement savings may be possible in 2013
The federal government is drafting new legislation to establish a ‘trans-Tasman savings portability scheme’ in an effort to help people who move between Australia and New Zealand better manage their retirement savings. Currently, Australian and New Zealand citizens working in Australia are unable to take their superannuation with them if they move permanently to New […]
Superannuation Co-Contribution: Get More Money for Your Super
Ever wonder about how you can better prepare yourself for retirement? If you earn less than $46,920, you may be able to give your super a nice boost – with very little sacrifice! Read on to find out how you can take advantage of the Federal Government’s superannuation co-contribution scheme. What is it? The superannuation co-contribution […]
Super Fund Commission Charges Wipe Out Super Tax Breaks
A new study conducted by Rainmaker Information found that super fund commission charges and fees wipe out almost all of the tax concessions Australians receive for superannuation. These commissions are being charged on Retail Super Funds – funds run by the “big four” banks and insurers. These super fund commission charges – often secretive but […]
