Posts

NOT A SCAM OR HOAX – recent Super alert from ATO

If you have recently received correspondence from the ATO regarding unclaimed Super, most likely it is not a hoax or scam. The ATO may have recently contacted you by email, SMS or letter, as part of a nationwide unclaimed superannuation campaign. It…

Superannuation Guarantee (SG) Amnesty

The Government has introduced new legislation that provides a one-off 12-month amnesty to encourage employers to voluntarily disclose historical Superannuation Guarantee (SG) non-compliance. It applies to previously undeclared SG shortfalls…

Wait! Don't sell your home to downsize yet.

You could enhance your retirement outcome by using downsizer contributions. Legislation has passed enabling individuals to contribute the proceeds from the sale of one eligible property into Superannuation, without needing to satisfy the…

Personal deductible contribution opportunity deadline looming

Just a reminder that if you are an employee, you can now make a personal contribution to Superannuation from your cash savings and claim a tax deduction, hence you still have a few days left in this financial year. But be aware of what you…

Super Opportunities prior to 30 June

Are you eligible for the Government’s co-contribution? If your income is below $36,813, you may be eligible for $500 co-contribution (phases out up to $51,813). If you're a low or middle-income earner and make personal (after-tax) contributions…
Hand holiding Australian money indicating bonus superannuation contributions from the government

Are you eligible for bonus Super from the government?

Have you: Been working part-time? Ceased work this year to start a family? Re-joined the workforce during the year? Been out of work for part of the year? Had other reasons for a limited income this year - below $37,000? Currently,…
Superannuation changes July 1

How will the July 1 changes to Superannuation impact you?

A number of changes to the rules governing Superannuation will come into effect on 1 July this year. Let’s take a look at what’s about to happen. The cap on concessional (pre-tax) contributions to your Super will be limited to $25,000…
The relationship of time to money - the 2% rule

Understanding the relationship of time to money, part 3: The 2% Difference

Understanding key principles and turning them into habits will help to put you on the right path to achieving your lifestyle and financial goals. We know that we will do more of something when we understand it. The next key principle is….The…
non-concessional-super-contribution-cap-scrapped

Proposed $500,000 Non-concessional Superannuation Cap Gone!

The 2016/17 budget proposed a new lifetime cap on non-concessional (after tax) Superannuation contributions of $500,000. In other words, people could only ever put $500,000 worth of post-tax funds into their Superannuation fund during the…
Superstream compliant deadline October 2016

Final SuperStream deadline 28 October 2016

The deadline was extended, but the time is now almost upon us: the final deadline for employers to be SuperStream compliant is 28 October 2016 (SMSFs should already have been compliant before now). As of this date, all employers should send…
Brisbane Business Accountant - Senior couple on beach indicating Super savings

How much Super is enough?

By Ian Chester-Master How much Super you'll need to enjoy your retirement is one of the burning questions for a lot of people. Unfortunately, in many cases, people leave it too late, when there’s not enough time for them to build their…
Brisbane Business Accountant - Bonus Super

SuperStream - Mandatory for Employers & Super Funds

If you are an employer, or the trustee of a Self-Managed Super Fund, you may be required to comply with the SuperStream standard by 1 July 2015. SuperStream will become mandatory for all employers making super contributions, and most self-managed…