by Financially Sorted | Jun 3, 2026 | Superannuation
From 1 July 2026, superannuation contributions caps will increase. The annual concessional contribution (CC) cap will increase from $30,000 to $32,500 The annual non-concessional contribution (NCC) cap will increase from $120,000 to $130,000 Concessional...
by Financially Sorted | May 13, 2026 | Federal Budget
On Tuesday evening 12 May 2026 Treasurer Jim Chalmers handed down the Federal Budget for 2026-27. The Australian Federal Budget 2026-27 seeks to redress issues of intergenerational inequity through the most consequential changes to asset taxation in decades. CPA...
by Financially Sorted | Apr 29, 2026 | Thought Leadership
By Peter Locandro Now, more than ever, it’s worth investing and becoming financially literate. When someone starts discussing finances or bringing up personal questions around how you handle money, you may not want to share any details of your own. Don’t worry,...
by Financially Sorted | Apr 29, 2026 | Uncategorized
By Peter Locandro In Australia, the financial year (also known as the income year) runs from 1 July to 30 June, and your income tax return for that period must reflect all income earned and deductions claimed within those exact dates. This makes the weeks leading up...
by Financially Sorted | Apr 29, 2026 | Government Legislation
Source: NTAA Voice Magazine With a Federal Budget due next week, we have heard rumours that changes to our taxation legislation are on the way. A recent white paper released on tax reform proposes the following: Reducing the tax on working income by cutting the lowest...
