Franking Credits, Refunds and the effect on retiree pensions

With the major banks offering 6 months term deposit rates of as little as 0.5% per annum, it is no wonder that many self-funded retirees are looking to derive dividend income from financially secure Australian public companies. Not only do investors historically receive a greater rate of return over the medium to long term but […]

Saving for your children’s education

There is no doubt that education costs in Australia increase exponentially year on year. The total estimated cost of education for a child starting school this year is, National Average (metropolitan areas) (1) Government 81,823 Catholic 140,433 Independent 340,882 However, if you look at our capital cities Sydney is most expensive followed closely by Melbourne. […]

The maximum number of members of a Self Managed Superannuation Fund has increased.

Did you know that the maximum number of members of a Self Managed Superannuation Fund can have increased from 4 to 6 on 1 July 2021? Regularly I am asked the question “Should we as a family pool our superannuation resources and establish a Self Managed Superannuation Fund (SMSF)”? An SMSF commonly has two members, […]

Regardless of your age, do not leave your retirement planning until your 50’s and 60’s.

Did you know that in 2008 you could make a tax-deductible contribution to super of $100,000 and a non-concessional or non-deductible contribution to your superannuation fund of $150,000?           These generous contribution limits meant that you could spend your 30’s and 40’s financing the growth and development of your children, paying down your mortgage, and leave […]