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Substantial changes to the superannuation rules took effect from 1 July 2017: have you investigated how the super changes will affect your superannuation and retirement plans for the 2017/2018 year, and for future financial years?  It is also very important to ensure that you make the correct super contributions. At the same time, many of…

When you start a superannuation account-based pension, you must withdraw a minimum amount each financial year to secure a tax exemption for the investment earnings on the fund assets financing your super pension. The minimum pension payment amount, payable for the financial year, is based on your age and the size of your account balance.…

Super Opportunity for First Home Buyers   Legislation has passed that will enable eligible first home buyers to save for the deposit in the concessionally taxed superannuation system, using the First Home Super Saver Scheme (FHSSS or scheme). This scheme may help participants to accumulate a larger deposit when compared to saving outside super. The…

Do you need to re-do your vehicle log book? If not, we need your Odometer reading as at 31st March 2018, so please email greven@greven-co.com.au with your name and your odometer reading so we can update your data and vehicle log. What are the rules for a Vehicle Log Book? You must prepare a full…

Treasury has released an exposure draft of the Treasury Laws Amendment (Tax Transparency) Bill 2018 which will authorise the Australian Tax Office to disclose business tax debts to credit reporting bureaus where the businesses have not effectively engaged with the ATO to manage their debt. What if it’s passed? The Bill will amend the Taxation…

Legislation has passed that will enable people aged 65 or over to make additional super contributions of up to $300,000 per person from the proceeds of the sale of their home from 1 July 2018. These are known as ‘downsizer contributions’ and they can be made on top of the existing contribution caps, without having…

I thought I would drop you a quick line, as it has been another torrid time on the global equity markets this last week.  I wanted to reach out to you and explain a little more as to what is going on and why. I don’t have all the answers, but research economists I rely…

Four issues for investors to keep on the radar in 2018-Financial Planning 2017 was a year of surprises and shocks. This year is likely to bring its own remarkable events in economics and politics. So rather than trying to predict precisely the twists and turns of the future, here are four broad issues that investors should…