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1. Co-Contribution – Let’s start with the easy money. Low-income earners should make a personal superannuation contribution so that they qualify for the government’s superannuation co-contribution payment. (2012 – $500 totally for free if you contribute $1000). 2. Re-contributions – Currently, strategies exist that allow you to draw a pension […]

In this interview Noel talks to Kaz from Everyday Property Investing all about self managed super funds and buying property in your self managed super fund. They cover the basics right through to the more complex issues associated with SMSF: What is a self managed super fund When would I […]

 You’ve made personal super contributions to your super fund and you want to get a tax deduction for it. To do so, you need to have your super contributions acknowledged by your fund. If not, the deduction may not be allowed and you may have an “excessive contributions” tax liability. […]

The government has extended the Tax File Number (TFN) Withholding Rules to ‘closely held trusts’, which includes family trusts. When do these changes apply? The rules apply from the first income year starting on or after 1 July 2010. For most of us, that was the tax year ended on 30 June 2011. […]

The Tax Office has recently announced that from June 2011, individual taxpayers will not automatically be sent a Higher Education Loan Programme (HELP) or Student Financial Supplement Scheme (SFSS) account information statement (or both) after their debt is indexed. Instead, these taxpayers will be able to request a statement at […]