• system-outage
    ATO Extends JobKeeper Monthly Declaration After System Downtime
    Despite the business monthly declaration for October JobKeeper payments due on 14 November, the ATO had scheduled its system maintenance for online services for agents over the weekend, effectively affecting access over both days. As such, the ATO has now confirmed it will continue to accept and process late declarations. […]
  • best-worst-smsfs
    3 Best and Worst Super Funds Revealed
    Source: NestEgg Stockspots 2020 Fat Cat Funds report has stated that poor performance is largely due to higher fees, with CEO Chris Brycki highlighting to consumers they would be $200,000 better off if they are in a fund charging less than 1 per cent instead of paying 2 per cent. “One […]
  • Australian Tax Office
    ATO Flags Key Early Access to Super Dates
    In an online update, the ATO said that ATO offices will generally be closed from midday of 24 December 2020 to the start of business on 4 January 2021. The last fund files prior to Christmas will be sent on 24 December 2020 – this will include all approvals up […]
  • smart-debt
    When Should You Use Debt?
    Source: NestEgg Despite record-low interest rates and changes to credit regulation making it easier for consumers to get a loan, a wealth educator has urged Australians to keep their debt low in order to build wealth. In a conversation with nestegg, Minnik Chartered Accountants director and wealth educator Leah Oliver […]
  • tax-avoidance
    ATO Data Reveals Tax Avoidance Red Flags
    Source: Accountants Daily The ATO has released its first annual report on Common Reporting Standard (CRS) statistics, which contains information on Australian financial accounts held by foreign tax residents as at 31 December 2018. Under the CRS, banks and other financial institutions pass on financial account information on non-residents to the […]
  • payroll-tax
    NSW Announces Payroll Tax Relief for New Jobs
    Source: Accountants Daily NSW Premier Gladys Berejiklian believes the Jobs Plus Program will create or support up to 25,000 jobs to 30 June 2022 by incentivising companies to relocate their head offices to NSW or expand their jobs footprint in the state. A key feature of the program will see […]
27 October 2020
superfunds

3 Best and Worst Super Funds Revealed

Source: NestEgg Stockspots 2020 Fat Cat Funds report has stated that poor performance is largely due to higher fees, with CEO Chris Brycki highlighting to consumers they would be $200,000 better off if they are in a fund charging less than 1 per cent instead of paying 2 per cent. “One […]
27 October 2020
home ownership

Should Home Ownership be Part of Superannuation?

Source: NestEgg Liberal politicians, including Tim Wilson, are in support of superannuation being used to help first home buyers get into the property market by allowing members to dip into their superannuation account. Over the weekend, Tim Wilson told Jane Caro that superannuation should be used to help investors get […]
29 October 2018

5 Superannuation Tips for High Income Earners

There’s a new set of superannuation rules for higher income Australians. These recent legislative changes affect salary sacrificing, taxation and estate planning. If you’re salary sacrificing, be aware the concessional (pre-tax) limit has been cut to $25,000 per year. You may need to reduce your level of concessional contributions during […]
15 October 2018

5 Superannuation Tips for High Income Earners

There’s a new set of superannuation rules for higher income Australians. These recent legislative changes affect salary sacrificing, taxation and estate planning. If you’re salary sacrificing, be aware the concessional (pre-tax) limit has been cut to $25,000 per year. You may need to reduce your level of concessional contributions during […]
8 October 2018

Superannuation – Know Your Rights

There’s a staggering amount of superannuation that may never find its way to the people who should be spending it in their retirement years. According to ATO figures, there’s approximately $12 billion in unclaimed super in their coffers. That’s a lot of money just waiting to be transferred to Aussies […]
18 June 2018

Your 5 Minute Super Health Check

Even if retirement feels a long time away, it’s important to start thinking about when you’d like to retire, the type of lifestyle you want in retirement, how much debt you have and what assets (including your super) you will have when you finish working. Want to see your super […]
28 May 2018

Can I Put Money into Super When I’m 65 or Over?

If it’s a voluntary contribution, you’ll need to have worked for at least 40 hours within a 30-day period under work test requirements. If you’re 65 or over, you can continue to build your superannuation with compulsory employer contributions (such as Super Guarantee contributions your employer pays where you are […]
18 April 2017

How to use ETFs in an SMSF

Taking control of your superannuation by managing your own SMSF can be empowering, but comes with risk and responsibility. With an SMSF, you can select the fund’s investments, so it can be wise to know there are ways you can manage risk and volatility. SMSF Checklist Step One: Diversification Step […]
22 November 2013

Generating Money From Your Superannuation

Have you ever stopped to think how you are going to prepare for retirement? How much are you earning? If your income is less than $46,920 annually, then you should know that you can actually take advantage of the superannuation co-contribution scheme offered by the Federal Government. What Is It? […]
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