Key points Super death benefits are divided into tax-free and taxable components, with the tax-free portion including after-tax contributions and the taxable portion comprising employer and deductible contributions plus earnings. Tax outcomes depend on the beneficiary’s relationship to the deceased, their age, and whether the benefit is paid as a lump sum or income stream. […]
Middle market businesses continue to pull more than their share of economic weight in the Australian economy over the last 12 months as the economic landscape continued to shift and pivot in a fluid financial system.
We understand that the recent proposal to impose an additional tax on superannuation balances greater than $3m may be causing you concern and questioning whether you should be doing anything with your super.
In February 2023, the Government announced an intention to pursue an increase in the tax rate applying to superannuation earnings on member balances over $3m.
As of mid 2020, more than 1.1 million people have chosen to take the plunge and become a SMSF member. Self-Managed Super Funds (SMSF) are often utilised by individuals as a way of taking control of their superannuation investment. The SMSF sector holds just over a quarter of Australia’s total superannuation assets. An impressive number, especially given […]
To entice more parents into the workforce, address labour market concerns and reflect modern family and work requirements, the Federal Government confirmed plans to scale up the paid parental leave scheme in the October Budget.
Leanne has built and developed an exemplary career spanning 15 years in financial services. Her clients value her holistic advice that informs her strategic wealth creation solutions across all dimensions of family wealth including retirement planning, wealth creation and protection, self-managed superannuation and estate planning. Leanne is passionate about working alongside women, supporting them with […]
Recent media articles speculating on possible superannuation changes in the upcoming Federal Budget on 25 October 2022 have many questioning what they should be doing with their super before Budget night.
As a SMSF trustee, it is your responsibility to ensure that the assets are valued correctly.
During the 2022 Federal election, the government announced that it would support a further reduction to the downsizer contribution eligibility age from 60 to 55 years.
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