Blogs, Articles & Updates

The new financial year will see several fresh tax cut changes, and also changes to superannuation contribution rules and rates.  Let’s have a closer look at what some of these changes may mean for you.   1.       Personal Superannuation Contribution caps on the rise ·         Concessional Cap – these are set to increase to $30,000 from 1 July 2024 ·         Non-Concessional Cap – are set to increase to $120,000 1 July 2024 ·         Non-Concessional Cap bring forward rules –

Australian Tax Office Office data shows a high percentage of SMSFs are lacking portfolio diversification. The Australian Taxation Office has just released its  annual overview of key statistics  and analysis of Australia’s self-managed superannuation fund (SMSF) sector for the 2021-22 financial year. While the ATO releases its most current SMSF data on a quarterly basis, its annual overviews provide a more in-depth view of how the members of self-managed funds are investing t

We all think it will never happen to us, and that we are invincible.  But the reality is that at some stage or another we will be faced with the death of a loved one and dealing with their financial affairs.   Planning for the distribution of your superannuation assets after your passing involves careful consideration and strategic decision-making. Understanding the nuances of super withdrawals preceding death is crucial to optimising tax implications and ensuring your benefi