Category: Tax Strategies
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A brief history of Superannuation
A brief history of Superannuation The history of superannuation in Australia reflects a journey of significant policy changes and regulatory reforms, shaping the nation’s approach to retirement savings and income. From its humble beginnings with the introduction of means-tested age pensions in the early 1900s to the complex landscape of modern-day superannuation schemes, several key…
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Life Insurance Bonds
Life Insurance Bonds Overview A bond, issued either as a life insurance or friendly society bond, is a simple investment structure used by single high-income earners or couples where both individuals are on a high marginal tax rate. Insurance bonds can also be a tax-effective and convenient way to set aside money for children. The…
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An Overview of Trusts in Australia
Estate Planning, Family Law, Financial Health, Financial Planning, Investment Strategies, Tax StrategiesAn Overview of Trusts in Australia Introduction Trusts are a fundamental element in the planning of business, investment and family financial affairs. There are many examples of how trusts figure in everyday transactions: Although trusts are common, they are often poorly understood. What is a trust? A frequently held, but erroneous view, is that a…
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Take advantage of the Super 5-year concessional cap carry forward rule
Take advantage of the Super 5-year concessional cap carry forward rule Personal concessional contributions are contributions into your superannuation fund from your pre-tax income and are tax deductable. Your concessional cap is the maximum amount of before-tax contributions you can make to your super each year without penalties and includes mandatory contributions made by your…
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