Articles
Accessing Super from Age 60 to 65
From 1 July 2024, the rules for accessing superannuation have been simplified, making age 60 the standard "preservation age" for accessing benefits. However, until age 65, some restrictions remain on how you can access these funds. Specifically, you must "retire" to...
“Super Saver” Scheme Now More Flexible for First Home Buyers
What is the First Home Super Saver Scheme (FHSSS)? The First Home Super Saver Scheme (FHSSS) is a government initiative designed to help first-time homebuyers save for a home using their superannuation fund. It allows you to withdraw eligible voluntary super...
Financial Planning for Your 50s: Preparing for a Secure Retirement
Entering your 50s is a time for setting up a solid financial future and making crucial decisions about retirement. From reassessing lifestyle goals to optimising investments, superannuation, and estate planning, this guide covers the top financial considerations for...
Death and Taxes: Tax Obligations for Beneficiaries of Inherited Assets
“…in this world nothing can be said to be certain, except death and taxes.” Benjamin Franklin A popular, if grim saying, attributed to Mr Franklin, which...
How to Fund a Better Retirement without Selling Your Home
Retirement is a time to relax and enjoy life, but sometimes income from superannuation, pensions, or savings might not be enough to live the lifestyle you desire. Fortunately, there are ways to raise additional funds without necessarily downsizing your home. Below are...
2024–25 ATO Priorities: Debt Collection and Taxpayer Compliance
What does the Tax Office plan to pursue in the 2024–25 income year? The Australian Tax Office (ATO) has announced that debt collection and taxpayer performance will remain key focuses of its compliance agenda in the corporate plan 2024-25. In the tax office’s words,...
Investing in Property through Your Self-Managed Superannuation Fund (SMSF)
The common belief is you can no longer acquire property within a Self-Managed Superannuation Fund (SMSF), but this is not the case. As a business owner or property investor, you might be exploring various investment strategies to secure your financial future. One...
The Value of External Auditors
Business owners often wear multiple hats, and it’s not always possible to keep a close eye on every transaction. An auditor can become your trusted independent advisor, acting as a detective, sniffing out any red flags and adding credibility to your business. Below...
Federal Budget 2024-25 Highlights
The 2024 Federal Budget provides cost of living relief through 1 July tax cuts, lower power bills, higher welfare payments and support for small businesses. Note: These changes are proposals only and may or may not be made law. You should speak to your financial...
Understanding Fringe Benefits Tax: The Obligations and Opportunities
As the end of the financial year approaches, employers must prepare to meet their fringe benefits tax (FBT) obligations by the 25th June lodgement deadline. Providing fringe benefits to employees can enhance workplace satisfaction and attract top talent, but...
