Your super balance could be a significant asset when you die and it should therefore be considered very carefully in your estate planning. This is particularly important given that your super will not automatically be covered under your will.
The ‘bring-forward’ rule allows super members to make up to three years’ worth of non-concessional (after-tax) contributions in a single year by bringing forward the caps of the next two years. The rules can be complicated, and it’s important to understand how they work before using them.
It used to be a case of ‘use it or lose it’, but the carry-forward concessional contributions rules now give more flexibility to prevent people falling behind in their super savings.
If your partner is earning a low income then it’s likely they’re not earning much super. This means their super can fall behind. The good news is, there are ways you can help your partner’s super continue to grow.
As 30 June approaches, now is a good time to think about how you could grow your super. In this post we examine the Government super co-contribution scheme for low and middle-income earners.
If you’re a retiree, either self-funded or receiving the age pension, you might be wondering might be wondering whether anything in the package applies to you.
Even if you don’t qualify for the age pension, you may be eligible for a Commonwealth Seniors Health Card, and access to cheaper health care.
Family trusts are popular in Australia as a structure to hold assets or conduct a family business. Learn what a family trust is and why people opt to use them.
Are you a high-income earner with multiple employers? The ATO has introduced a change to help ensure you don’t exceed your annual concessional contributions cap.
Correct SMSF documentation and process is essential to allow a safe passage of death benefits to intended beneficiaries.