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Living comfortably in retirement just got more expensive
The amount of superannuation needed to live comfortably has risen to a record high as the cost-of-living crisis continues to impact all Australians.
SMSFs will continue to grow as government eyes superannuation coffers
Following the release of the government’s latest Intergeneration Report there is renewed confidence that more people will see SMSFs as a more attractive option as a savings vehicle for retirement.
Penalty amnesty tempts 7,000 small businesses back into tax system
UPDATED: This budget measure waives fines for late lodgment of income, BAS and FBT returns due during the pandemic.
Transferring wealth to the next generation
Inheritance planning, particularly the future division of wealth and the intended treatment of assets, should be openly discussed at the family level.
Last chance for $25,000 super deduction
For those with a super balance under $500,000, the 2024 financial year is the final year unused concessional contributions from the 2019 financial year can be applied.
Super gender divide to remain a challenge
The Federal Government has flagged it expects the gender gap in superannuation balances to persist well into the future.
Intergenerational Report 2023
Australia’s future to 2063
Oldest Buildings in the World
Check out the oldest buildings in the history of the world.
Single-asset segregation barred
A single asset cannot be treated in a manner that allows it to support some SMSF members in accumulation phase and others with a pension account.