The amount that can be contributed on a member’s behalf, whether personally or by an employer, has increased from $25,000 per annum to $27,500 per annum. We have noticed some…
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In the budget, the government proposed dropping the longstanding requirement that individuals had to be working in order to add money to super after age 67. If this passes, it…
It was a close thing but the changes to NCC bring forward rules received Royal Assent on 22 June 2021. It applies retrospectively for the 2021 year. Until now, clients…
The amount of superannuation to be paid by employers on behalf of employees has increased from 9.5% to 10% from 1 July 2021. This means employers can now throw away…
Our big news in June was the safe arrival of Karly‘s first baby, a beautiful little girl Olivia. Congratulations to Karly and Brandon. Karly will now take a well-earned break…
Here are some of the announced Budget tax changes that could affect you. However, it’s important to remember that these are only proposals at this stage, and each proposal will…
Here are some of the announced Budget superannuation changes. However, it’s important to remember that these are only proposals at this stage, and each proposal will only become law once…
The Transfer Balance Cap (TBC) is a limit imposed a few years ago on superannuation pension balances. Initially, it was set at $1.6 million, which became the maximum amount a…
In June 2019 there were 26,100 Financial Advisers in Australia. In early January 2021, there are 20,616. Almost half of the remaining advisers have not yet passed the industry exam….
The Australian government has recently released the final report for the Retirement Income Review, which examined the state of our current system and its long-term sustainability in the face of…
