Victorian Government Announces $1,500 Payment For Renters
The Victorian State Government has announced a new one-off payment worth $1,500 for renters who having difficulties due to the ongoing covid-19 enforced lockdown. The $1,500 payment will be awarded to renters via their landlords, if they can prove that they have suffered a loss of income as a result of the covid-19 pandemic. “We’re… […]
Tips For Developing A Retirement Savings Plan
By being more strategic it is possible for Australian citizens to make the most of their assets to enjoy a fulfilling retirement. There is no exact magic amount of money to indicate how much all of us need to safely retire. The important thing is that you understand the sort of retirement lifestyle you hope […]
Tips for Reigniting Your Savings
It has been reported that 9 out of 10 Australians are unsure of how much money they spend each month. If you are saving for a holiday or a house or a car if you want to make it easier to reach your savings goal it would be a good idea to keep track of […]
How to Use Your Tax to Plan for The Future
Young and middle-aged Australians might not often think about what their financial situation might be like once they reach old age. However, it is important to plan for your future and put away money overtime so that one day you can eventually retire. It can be difficult to plan for your future, especially if you […]
Tips for Boosting Your Superannuation and Retirement Savings
For many Australians there is a huge gap between how much money they think they need to save in comparison to much they really need to save in order to safely retire. Australia’s average life expectancy in 82 and a half years of age. If someone was hoping to retire at age 65 it would […]
Do The Assets In A Self-Managed Superannuation Fund Vest In The Trustee?
With the continued rise of Self-Managed Superannuation Funds (“SMSF”) bankruptcy trustees are frequently considering the effect bankruptcy has on the fund and if they have any interest in the fund. A bankrupt needs to be aware that they cannot sit back and do nothing in order to protect their SMSF. SMSF and Bankruptcy SMSF’s are […]
Increase in SMSF member numbers
In late April 2018, then federal minister for revenue and financial services Kelly O’Dwyer issued an announcement [1]declaring an expansion of the limit on the maximum number of members that are able to comprise a self-managed superannuation fund (SMSF). The raise – from four to six – was implemented by the then Turnbull Government so as to […]