What will you do with your tax cut?
In case you’ve missed any form of news over the last few days, most people are in line for a tax cut. Tax cuts were a centrepiece of the government’s budget. Whether their budget is a good one or not is up for debate. The government is handing out thousands of dollars in tax cuts […]
In the coming weeks you’ll likely be doing your tax return with the prospect of getting back a nice little return to do something with. In 2015-16, the average tax refund in Australia was $2,574, so it may well be a nice little windfall. Here are some great things you could use that money for… […]
The Federal Budget 2018. What it means for you… The Federal Budget was handed down last Tuesday, May 8, 2018. While the measures announced in the budget are yet to be passed by Parliament, we can generally assume that most of the announcements will become reality. From an individual perspective – especially if you do […]
Ah. The second Tuesday in May. The most exciting day of the year for all financial advisers! This year’s federal budget contains mostly good news for clients – as you would expect given that an election is anticipated before the next budget comes around. This is not the time for Treasurers to make life harder. […]
As of 2017, almost all tax-payers can make a private, personal contribution into their superannuation fund and then claim the contribution as a personal deduction when they do their tax return. You can contribute any amount provided that your total concessional contributions are not more than $25,000 in a particular year. Remember, the compulsory 9.5% […]