Author Archives: qfp-admin

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 […]

Can an employer require an employee to be vaccinated?

For most employers, probably not. The Fair Work Ombudsman, however, states that there are ‘limited circumstances where an employer may require their employees to be vaccinated.’ These are: The State or Territory Government enacts a public health order requiring the vaccination of workers (for example, in identified high-risk workplaces or industries). An agreement or contract […]

Small Business – The end of JobKeeper

With JobKeeper coming to an end it is very important that small businesses review their projected income and anticipated expenses for at least the next six months. Small and medium-sized businesses are the employment powerhouse of the Australian economy, and the end of JobKeeper will have a substantial impact on most businesses, particularly small businesses. […]