Four steps to plan for a better retirement
Here is a practical approach to creating a retirement plan that will help enable financial peace of mind.
Categories for Financial Planning News
SMSF scams are on the rise: Here’s how to fight back
The growing prominence of SMSFs has made them a ripe target for scammers.
ATO zeroes in on SMSF lifestyle assets
The ATO will now have information on an individual’s new $65,000 car or their $100,000 boat as it looks to flush out tax dodgers who aren’t being completely honest about their financial affairs.
Five investing tips for beginners
Here are five investing tips for those who are just beginning their investment journey.
Trust deed must include certain items
An SMSF trust deed must have a series of non-negotiable items in it, such as rules allowing the use of a contribution suspense account.
Downsizer and bring forward combination creates new opportunities for super strategy
With the recent bring-forward measures passed along with further extension proposed in the federal budget, its combination with potential downsizer rule changes creates a different perspective for the SMSF strategy when it comes to implementation.
What’s your risk profile?
Your attitude to risk is one of the most important factors to consider when it comes to investing.
Tax Time Checklists – Super Funds; Individuals; and Company, Trust, Partnership
Working from home because of COVID-19 means most will have more deductions than in a normal year. These checklists will help your tax agent ensure you don't miss any deductions. Simply print, complete and return.
Drawdown relief for all pensions
The reduced minimum pension relief that will now apply for the 2022 financial year is not restricted to account-based pensions, said a legal specialist.
ATO extends Division 7A relief
The ATO made an extension relief for affected taxpayers and related SMSFs who are unable to meet the minimum yearly repayments on Division 7A loans due to COVID-19.
