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Are you considering making personal contributions to your superannuation fund prior to 30 June 2024? 

Super Contributions

The maximum annual tax-deductible contribution you can make to your superannuation fund is $27,500.  However, you may also be eligible for “carry forward unused contributions”.   What do the maximum annual tax-deductible contributions include?   It is important to note that the limit of $27,500 includes all the following contributions: Note, if you are on a […]

Do you know that from 1 July this year, you may gain a tax deduction? 

Do you know that from 1 July this year, you may gain a tax deduction?

From 1 July 2024, the annual limit on tax-deductible contributions to your superannuation fund will increase by $2,500 from $27,500 to $30,000.  These concessional or tax-deductible contributions include the sum of;  When your salary sacrifices superannuation contributions or makes personal tax-deductible superannuation contributions to your superannuation fund, these contributions will be recognised as income in […]

From Generation to Generation: Best Practices for Distributing Your Wealth

From Generation to Generation: Best Practices for Distributing Your Wealth

When transitioning your wealth to your children, you must know the legal and tax implications that may affect your estate. While every country has its rules, this blog will focus on the Australian context, shedding light on some key points to consider when planning your wealth succession. Inheritance Tax: A Non-issue in Australia Unlike many […]

Understanding the Distribution of Superannuation Funds After Death

What happens to your superannuation when you die?

It’s a common misconception that a last will and testament dictates the distribution of all assets, including superannuation, upon one’s demise. Most envision that upon their passing, their tangible assets – such as homes, vehicles, savings, furnishings, investment portfolios, and superannuation funds – will be allocated and disseminated according to the directives explicitly stated in […]

The advantages of investing early and diversifying your portfolio.

The advantages of investing early and diversifying your portfolio.

You may have heard the saying, “No risk, no reward”. But did you know that making incremental investments and diversifying your portfolio over time can mitigate the risk of market volatility and be rewarding in the long haul?  Investing: Risks When people think about investing, they tend to focus on the potential to receive a […]

Are you in your 50’s? Children finished School? It’s time to start planning for a ‘comfortable retirement’.

Comfortable retirement

What will your retirement look like? Research states that to experience a long, enjoyable retirement, you need to: Should you require further information in relation to your planning a comfortable retirement, please feel free to contact Peter Quinn by submitting an enquiry or calling us on +61 2 9580 9166 to book an obligation free […]

Maximise Your Self-Managed Superannuation Fund: Key Tips for Preparing and Updating Your Investment Strategy

Maximise Your Self-Managed Superannuation Fund: Key Tips for Preparing and Updating Your Investment Strategy

As you are no doubt aware, every superannuation fund is required by law to have a complying investment strategy. The investment strategy should have an explanation of: It makes sense when establishing your investment strategy that you consider the following. Note that there is no right or wrong investment strategy. The investment strategy will depend […]