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Federal Election Promises Compared

With only two more sleeps until the 2019 Federal election, Australians have a plethora of promises to consider. We’ve found a very helpful comparison of the two major parties’ tax policies, released by The Tax Institute.

To a large extent, the parties have sought to differentiate themselves through their tax policies. Their proposals present two different versions of Australia. In the Coalition’s 2019 Budget, we were presented with a long-term plan for “lower, simpler, fairer taxes”. Labor have presented their response as a plan for a “fair go”.

Our views below are simply related to the parties’ tax policies in isolation, and how these might affect our clients. Of course, you will need a  broader perspective to assess the overall merits of each party.

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Are you in control of who receives your super when you die?

It’s easy to assume that your Will would take care of your superannuation death benefit when you die. But that’s not the case – your super is dealt with separately from your Will.

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Six tips for SMSFs investing in property

As a Self-managed Super Fund (SMSF) trustee you might, at some stage, want to invest in property as part of your fund’s investment strategy.

Before you do, you should fully consider the risks associated with property investment. Holding a “real property investment” can affect other aspects of your fund, such as benefit payments, and any investment must comply with superannuation laws.

Here are 6 issues to consider before your SMSF makes a property investment:

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October 2018 Newsletter

In this month’s newsletter we share the first in a series of highlights from our team’s attendance at Xerocon2018. Always an exciting conference for industry innovation, this year gave us some particularly thought-provoking takeaways. We also discuss an interesting strategy for business owners who have an SMSF. And we dig into how one organisation is adapting to the NDIS.

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Transferring Business Property into Your Self-Managed Super Fund

If you are a business owner with a self-managed super fund (SMSF) there are plenty of reasons why you might consider transferring your business property into your SMSF.

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March 2018 Newsletter

Today we have an important reminder to record your odometer readings for company vehiclesthis Saturday (31st March).
We also want to talk to you about Labor’s proposed changes to the dividend imputation system, because we know that, if put into place, they will impact on many of our clients.

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What Labor’s changes to the dividend imputation system mean

There has been much discussion about the dividend imputation system in recent weeks as the government and the opposition play political tennis with franking credits.

On 13th March, Opposition Leader Bill Shorten announced Labor’s plan to change the dividend imputation system if they win the next federal election. The changes would make franking credits non-refundable and, Labor claims, save the budget $59 billion over the decade to 2028-29.

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Superannuation reforms – what they will mean for you

The Australian Government finally had most of its 2016 budget measures on superannuation pass through Parliament on 23 November, following a tortuous process of negotiation with the cross-benches. Most of these changes to Australia’s superannuation system will take effect from 1 July 2017.

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2016-17 Federal Budget signals significant changes to superannuation

The Turnbull Government’s Federal Budget, delivered on 3rd May 2017, included the most significant structural changes to the Australian superannuation system since compulsory superannuation was first introduced. Pre-budget speculation had anticipated many changes, however some have gone much further than anticipated.

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7 SMSF trustee responsibilities you must understand

Running your own self-managed super fund (SMSF) can provide a great means of managing your retirement savings, with the potential for more control, greater choice and lower costs. In fact, more than one million Australians are now members of an SMSF.

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