The Government continuously make changes to superannuation rules which makes it necessary to review an individual’s superannuation setup each year. Below is an overview of some of the key areas that should be considered prior to 30 June 2024. Contributions What are the types of contributions? Superannuation contributions fall into two main categories: concessional and […]
Key points SMSFs offer greater control over investments, allowing business owners to align their super with personal interests and business needs. Owning commercial property through an SMSF and leasing it back to the business can improve asset control and reduce rental costs. SMSFs provide flexibility in estate planning, enabling trustees to direct benefits and minimise disputes […]
Key points SMSFs can be cost-effective starting from $100,000, not just for large balances. Pooling funds from up to six members boosts cost efficiency. SMSFs offer flexibility but require time, expertise, and trustee responsibility. There is still a misconception among owners of small to medium businesses (SME) that self managed superannuation funds (SMSF) are only […]
Key points From 1 July 2024, concessional caps rise to $30,000 and non-concessional caps to $120,000, boosting super contribution potential. Bring-forward provisions allow up to $360,000 in non-concessional contributions over three years, depending on your Total Superannuation Balance. Thresholds for bring-forward eligibility are lowering, making it harder for some to qualify based on their super […]
Key points Act early to protect income, assets, and retirement plans during divorce. Business and company assets may be affected by divorce decisions. Ensure smooth financial transitions to the right people at the right time Getting a divorce has a big impact on household incomes and wealth in the short term and the long term, […]
January is best known for making (and breaking) resolutions, but it’s also when many couples start divorce proceedings —and that can deliver a financial shock, particularly for women. While some might welcome starting a new chapter in the new year, women can find themselves more susceptible to financial challenges following a divorce, faced with a sudden decline in household income and wealth.
Cathi is the driving force behind the superannuation division at Pitcher Partners Adelaide. She specialises in assisting clients with their personal tax through self-managed superannuation funds (SMSFs). Her particular interest lies in the structure of SMSFs, where she works diligently to ensure the best possible tax outcomes for trustees and members. Cathi’s in-depth knowledge of […]
The new tax is still subject to legislative passage with a stated commencement of 1 July 2025. It will mean a tax of 15% to the proportion of ‘earnings’ above $3m at the end of a financial year. For individuals with large super balances it’s wise to start considering management strategies
Key points SMSFs offer tax advantages but are more regulated than family trusts. Family trusts allow flexible asset use and better intergenerational wealth transfer. Using both structures together can optimise tax and asset management strategies. Family trusts and SMSFs each carry their own benefits and disadvantages in providing a way to transfer and manage your […]
Key points Define your retirement lifestyle early to guide financial planning effectively. Retirement isn’t just about money—purpose and fulfilment matter. Gradual work reduction can support income and personal wellbeing Even if you have built a valuable business, a sizeable superannuation balance, or other assets, transitioning to retirement is a big step. We are living longer, […]
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