by Financially Sorted | Jul 30, 2024 | Business, Economy, Finance, Interest Rates, Land Tax, Superannuation, Tax & Accounting, Tax Returns
Will 2024-25 be another year of volatility or a return to stability? Personal tax & super As you would be aware (at least we hope so after a $40m public education campaign), the personal income tax cuts came into effect on 1 July 2024. At the same time, the...
by Financially Sorted | May 30, 2024 | Business, Small Business, SMSF, Superannuation
A major update to the small business superannuation clearing house (SBSCH) was introduced on 15 March 2024 that potentially impacts businesses being able to make superannuation guarantee contributions into SMSFs. SMSFs must have their bank account registered with the...
by Financially Sorted | Apr 1, 2024 | SMSF, Superannuation
How much will you and your family need in retirement? Although the projected growth in the pool of superannuation savings is certainly heading in the right direction, the harsh reality facing those not far off retirement is that they will have nowhere near enough to...
by Financially Sorted | Oct 1, 2023 | SMSF, Superannuation, Tax Returns
Are you looking for ways to increase your retirement savings and reduce your tax? If so then, you are in luck. There are several ways you can contribute to your super, depending on your personal circumstances. Here is one way you can grow your super and access tax...
by kirstyb | Aug 7, 2023 | Superannuation
In Australia, the age at which you can access your superannuation (retirement savings) depends on your “preservation age.” The preservation age is the minimum age at which you can access your superannuation, provided you have met a condition of release....
by kirstyb | May 22, 2023 | SMSF, Superannuation
Superannuation is an important part of retirement planning, and the earlier you start saving, the more time your money has to grow through compound interest and earnings. Many working aged people are asking themselves should I use my money to live, or. Should I leave...
