All tagged superannuation
How many millions will your superannuation be worth by retirement?
Using superannuation to save tax and accumulate wealth.
Make superannuation work for you, and generate tax free cash for retirement.
The proposal by the Labor Opposition needs to be considered carefully with the real prospect that there could be a change of Government within 12 months, with the half Senate election due by May 2019. From the current Government’s perspective, the May 2018 Federal Budget was an opportunity to affirm franking credits continue to be ‘refundable’.
Superannuation is supposed to be for your retirement. Indeed, the 'sole purpose' of superannuation is intended to provide for your retirement.
The Federal Budget will be delivered next Tuesday night 9 May 2017, but right now you need to be acting on last year’s highly contentious announcements to avoid being exposed to higher taxation. Sticking with the status quo may cost you!
For months the low and moderate paid media with little or no financial experience or nous, who almost invariably have next to nothing in their superannuation accounts and who are jealous of those who do, have been in a lather amongst themselves …
To understand the 2014 Federal Budget you need to remember some changes that happened in previous budgets.
Big Stick to High Income Earners
Most people know the ‘concessional’ contribution limit remains at $25000 per annum (for all ages), which is going to make it very hard for some – especially people closer to retirement - who had done some pre-planning to achieve their retirement goals with the intention of making significant contributions in the years leading into retirement.