partners for life
Wealth Creation
Are you able to claim tax deductions for insurance premiums?
September 28th, 2016Generally speaking, the Australian Taxation Office (ATO) allows deductions for insurance premiums when there is evidence that the insurance cover relates to earning assessable income. One example of the kind of cover that may be tax deductible is income protection insurance. The ATO has allowed such claims in certain circumstances, even though the insurance policyread more
Super Changes: Proposed $500,000 Lifetime Cap Axed
September 26th, 2016The 2016-17 Federal Budget included various proposed amendments to superannuation. One of the most contentious reforms was a proposed lifetime cap of $500,000 on non-concessional contributions. Following extensive consultation, the government recently announced new developments to the proposed reforms, including the $500,000 lifetime cap which is to be scrapped. The non-concessional contributions cap will nowread more
Welcome to the 2016 Spring Edition of The Count Report
September 6th, 2016This latest edition of The Count Report, we feature ‘Don’t wait for life to happen’ that looks at how having a good financial plan in place means you’ll be better prepared for major life events when they arise in addition to being well positioned for a rewarding financial future. ‘You’ve lost that loving feeling’ looksread more
Time Running Out to Get on Board SuperStream
June 6th, 2016A reminder to employers about SuperStream! Time is running out to make sure you are SuperStream ready. Small employers (19 or fewer employees) must meet the SuperStream standard by 30 June 2016. (Larger employers should have been using SuperStream since 31 October 2015). What is SuperStream? Under SuperStream, you need to pay super contributions forread more
Proposed Changes to Superannuation in the 2016 Federal Budget
May 26th, 2016The government’s delivery of the Federal Budget last 3 May 2016 caused what others refer to as “the biggest shake-up in superannuation since the Howard/Costello changes of the 2006 Budget.” Among the key super reforms that were proposed were: The revision of non-concessional (after-tax) super contributions to a $500,000 lifetime cap from the $180,000 annualread more
Choosing a Financial Planner to Secure Your Future
May 23rd, 2016Whether you’re planning to achieve a financial goal, wanting to invest, or securing your retirement, partnering with a financial planner is a certain way to help you attain these goals. Before looking into how you choose a financial planner, you must fully understand what financial planners do and how they can help you. If you’reread more
Surprising Cap Change On After-Tax Super Contributions
May 14th, 2016While many expected certain amendments in the current after-tax (non-concessional) contribution to super with the new Federal Budget, many were taken by surprise when Treasurer Scott Morrison introduced a lifetime cap of $500,000 on after-tax contributions in the 2016-2017 Budget. “We have long advocated for a lifetime rather than annual limit for non-concessional contributions. Whatread more
Find Your Lost Super Before It’s Transferred
May 9th, 2016In 2014 the Federal Treasury reported that there are 6 million “lost” superannuation accounts holding an amount of no less than $16 billion. With a new legislation in effect (since the end of 2015), any lost super that has balances less than $4,000 and was inactive for the last 12 months, will be transferred to theread more
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