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FREE Information Seminar
Read more: FREE Information SeminarFinancial opportunities for you Are you unsure if you need to reduce your super contributions from 1 July 2017? Are you self-employed as well as work for an employer and want to maximise your super contributions? Do you have a spouse who earns income of less than $37,000? Do you want to understand how your money is invested? If your income is your biggest asset, do you want to know how to protect you and your family’s wealth if you become sick or injured? If you answered yes to any of those questions, then this seminar is for you! This…
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Super Changes from 1 July 2017
Read more: Super Changes from 1 July 2017The argy-bargy is over and late last year the government’s superannuation reforms from the 2016/17 budget passed through both houses of parliament. What does this mean? The reforms will come into place on July 1 2017, so here’s a rundown on some key changes. Transfer balance cap: From July 1 there will be a $1.6 million transfer balance cap on the amount of superannuation one can transfer into the tax-free retirement phase. Savings above this limit can remain in accumulation (where tax is 15%) or can be removed from the super environment. Earnings on the balances in retirement phase will…
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Superannuation Contribution Changes
Read more: Superannuation Contribution ChangesWith many of the changes announced in the 2016 Federal Budget now passed by Parliament, there is an amount of certainty that you can have when approaching your Superannuation planning and the contributions you might wish to make to your Superannuation. The Government is lowering both the concessional (pre-tax) and non-concessional (after-tax) contribution limits from 1 July 2017. One of the original proposed measures which received a lot of comment and caused concern was the $500,000 lifetime non- concessional contributions (after-tax contributions) limit. This proposed measure was dropped and replaced with a $100,000 annual limit on after-tax contributions. Pre-tax contributions…
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