A reduction in concessional contribution caps, the lowering of the Division 293 tax threshold, capping tax-free assets in retirement and a lifetime limit for non-concessional contributions are just some of the changes that were in the Budget announcements this year to impact superannuation. These changes may impact your SMSF and retirement planning and require you…
In the next 20 years potentially over 100,000 more people will retire each year. In the last financial year alone the number of people over 65 years of age had increased by over 100,000.[1] Further, the Intergenerational Report released by the Federal government in 2015, estimates that the number of Australians over 65 will double…
Setting aside time to review your finances is important. It’s also one of the easiest ways to keep your plans on track so that you may achieve your financial goals. Goals which might include an immediate solution for making ends meet or longer term goals that might include sorting out an appropriate succession plan for…
If you’re in business and you don’t have a plan for the unexpected or involuntary exit of any of the business partners (including you), this tip is for you. Create a “Will” for your business. Just like a Will for our own estate, a Will for your business will shore up arrangements for a buy-out and…