Find Your Lost Superannuation

[et_pb_section admin_label=”section”] [et_pb_row admin_label=”row”] [et_pb_column type=”4_4″] [et_pb_text admin_label=”Text”] Locate your lost super The Government hopes to reunite more people with their lost super by requiring super funds to transfer inactive accounts (where contributions have not been received for 13 months) with a balance below $6,000 to the Australian Taxation Office (ATO). The ATO will automatically […]

Over 65? You may qualify for the downsizers contribution to superannuation

Are you or your parents over age 65? Are you aware of the tax incentive for over 65 year olds to downsize their home? What is the downsize contribution strategy? This strategy as the name suggests involves selling your home, purchasing another more modest residence and contributing the surplus funds up to $300,000 per individual member […]

Are You Receiving Your Employer Superannuation Contributions?

Periodically check you have received your compulsory superannuation Generally if you are an employee you are entitled to receive superannuation contributions from your employer. The minimum your employer must contribute is 9.5% of your gross wage. This payment must go into a complying superannuation fund account. In most cases you can choose your own superannuation […]

Are you (or your children) saving frantically to buy your first home?

It is well documented that saving for your first property is challenging. From 1 July 2018, the First Home Savers Scheme will enable first-home buyers to save for a deposit inside their superannuation account, attracting the tax incentives and some of the earnings benefits of superannuation. Home savers can make voluntary concessional contributions (for example […]