You may have heard about a little-known strategy that allows a person to contribute up to $3,000 to their spouse’s super and receive $540 off their tax bill. This practice is known as a Spouse Contribution and prior to 30 June 2017, very few couples took advantage of it because the income limits were too […]
Should you be splitting your super contributions to your spouse?
Are you a member of a couple where one person earns a lot more than the other and/or that person’s super balance is significantly higher than the other’s? Recent changes to superannuation laws mean there could be several strategies you could be doing now to ensure you don’t hit hurdles in the future. One […]
Are you prepared for the upcoming changes to super?
As you may be aware, the latest Government Super reforms are nearly upon us and these reforms will affect many people in different ways. Below are a few important points you should be aware of. If you are, or someone you know is concerned about these reforms, please contact our office. Changes to concessional contributions What […]
Important things to look for in your Super Statement
Over the past several years I have heard many people say they receive their super statement but do not read it, do not understand it or both! By now you should have received your latest super statement and I have noted some key points below of areas you should look for on your statement to […]
Aaargh! My super lost money!
At this time of year people are starting to receive their annual super statements. Many will simply open their statement, not understand what they are looking at and file it under “S” for super. Some will leave their statement unopened in its envelope whilst few will bin theirs! If you are one of those […]
Have you nominated someone to receive your super benefit if something happens to you?
No one likes to think about their early demise. It’s morbid, I get it. However when someone does pass unexpectedly, they can leave behind a mess that is easily preventable. Did you know that many super funds have built in life and TPD insurance? This means that if something happens to you, not only […]
Are you sure your super is going into your account? Don’t be fooled!
Countless times I’ve asked a prospective client whether their employer is making regular super contributions. With eagerness the prospect opens their payslip and shows me the amount of super contribution their employer has “paid”. Beware! Just because your employer has made a “provision” for your super on your payslip, (which they have to […]