Downsizer Superannuation Contributions has reduced a barrier for older Australians to move from homes that no longer meet their needs, so more homes can be available for younger Australian families. From 1 July 2018, people aged 65 and older can make a non-concessional (post-tax) superannuation contribution of up to $300,000 from the proceeds of selling...
The First Home Super Saver Scheme (FHSSS) helps Australians boost their savings for a first home by allowing them to build a deposit inside superannuation, giving them a tax cut. The FHSSS applies to voluntary superannuation contributions made from 1 July 2017. These contributions, along with deemed earnings, can be withdrawn for a home deposit
If you’re planning to downsize when you retire, or you’d just like to chase the sun and find a community of like-minded people, then here are some retirement destinations worth considering. Top retirement destinations You’ve worked hard towards your retirement and are looking forward to enjoying the rewards your new freedom brings. Now that your
Want to give your super savings a boost? Making personal contributions is one option to consider using your pre-tax income. Known as salary sacrifice and it can be a very effective way of growing your super balance. Boost your super and pay less tax Salary sacrificing into super can not only help you grow your super
What does the Great Australian Dream means for the Aussies of 2018? We asked some of our valued clients what their retirement goals are for the year ahead and you might be surprised at some of their answers… Own your own property Yes, you’ve heard this one before – the stereotypical Australian dream is to
If you’re an employee, you may have the opportunity to set up a salary sacrifice strategy with your employer – allowing you to put some of your before-tax income straight into super. The main benefit of this is that your salary sacrifice contributions are taxed at only 15% inside your super fund, compared to your
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