Super Contributions Splitting is a strategy that generally allows you to split up to 85% of your employer super contributions and personal deductible contributions with your spouse whereas a Spouse Super Contribution involves making a contribution to a spouse’s super…
Sacrificing some of your salary into superannuation can be a tax effective way to boost your savings for retirement. See how in the following example: John (age 45) earns $70,000 p.a. and wants to increase his retirement savings. He has…
By making personal contributions to your super, you may be able to claim a tax deduction to reduce your tax liability. See how in the following example: Helen is a 43 year old self-employed florist earning $45,000 p.a. and is…
New Year’s resolutions are easy to make but often hard to keep. But there are real benefits to making financial resolutions. Here are some helpful suggestions to get you started. Get Back To Basics If you find it near-impossible to…
The key to managing finances after a divorce is getting organised early. Read this guide for tips on taking control at the right time. Divorce can be one of the most financially stressful experiences of an individual’s life. The key…
If your life insurance policy is in a drawer gathering dust, your family could be in for a nasty shock in the event of a claim. Here we outline some pitfalls to avoid when taking out cover. 1. Buying On…
From wills to long-term budgeting, there’s a lot to think about when making your retirement to-do list. Here’s some tips to make sure you’ve ticked all the boxes. 1. Check Your Will Without a valid will, an administrator will be…
Many of the federal government’s superannuation reforms came into effect on 1 July. Here’s what’s new. The government says it has tried to make the superannuation system more sustainable and has introduced more flexibility to suit modern work patterns. This…
There are many reasons for taking a break from the workforce: to have a baby, look after family members, or recover from a redundancy or illness. Whatever the reason, returning to work can be challenging. Here are some tips that…