Contributions & Pensions

Contributions & Pensions

This is a reminder for everyone to check prior to 30 June 2017: Concessional Contribution – Check that you haven’t breached the $30,000 employer contributions limit (or $35,000 if you are over 50 years) if you have been salary sacrificing into super. If you do...
Contributions & Pensions

2017/18 Victorian State Budget

The state budget usually plays second fiddle to the Federal budget however there were a few items worth noting in the most current Victorian State Budget including: From 1 July 2017 property transfers between spouses involving commercial properties or investment...
Contributions & Pensions

Federal Budget 2017-18

Scott Morrison handed down his Federal Budget for 2017-18 last night. He believes the budget will secure better days ahead and uses the catch cries of Fairness, Opportunity and Security. According to the Treasurer we have choices to make and he believes the budget is...
Contributions & Pensions

Transition to Retirement Pensions Window Ceasing

For all those clients who had a strategy of contributing to superannuation the maximum amount allowed and then take a pension out of their super fund, the window of the benefits of this strategy is about to cease from 1 July 2017. From 1 July 2017 the Government has...
Contributions & Pensions

Enterprise Tax Bill passes

Finally after some much needed discussions and bargaining the Federal Government it seems has been able to get most of its small business tax cuts through parliament with the commencement date for the increase in the company turnover threshold to $10 million from the...