Are you clear on what after tax (non‑concessional) contributions you can contribute in a year? With the Government abandoning its policy to introduce a $500,000 lifetime cap for non-concessional contributions are you clear on what non-concessional contributions you can make to superannuation now? Non-concessional contributions are contributions...
On the 3rd of May, federal treasurer Scott Morrison put forward a number of proposed changes, mainly around contributions to superannuation and taxation. Here’s a brief roundup of what the proposals regarding superannuation could mean for you. Remember, proposals are not set in stone and...
A discretionary family trust is structure to hold assets in the name of an entity on behalf of family members. A trustee is appointed to manage the trust and the assets are all registered in the trustee’s name and are held by the trustee on behalf...
For the vast majority of Australians, superannuation is the best vehicle for long-term savings. Your super fund is important, both whilst you are contributing and also when making draw-downs to replace your working income. Most people now have the ability to choose both the type of super fund (e.g....
Borrowing money to purchase assets is a powerful strategy to build long-term wealth. Typically, a home will be the first purchase made with the borrowed funds, but it should not be the last! Paying down home loans and other lifestyle debt, such as credit cards, not only saves...
Cash flow is at the heart of your financial plan. If you are working, the ability to save after paying your expenses will have the biggest impact on your financial future. There are a number of different ways to manage cash flow. The pay yourself...