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Archive for category: Superannuation
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What postcode loses the most super?
There is over $11.7 billion in lost super sitting with the Australian Tax Office (ATO) and Mackay in QLD is responsible for $49,256,340.55 of it.
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Thinking about SMSF?
Self-managed super fund (SMSF) has the words "self managed" in it but you don’t have to do it all yourself and if you are busy it is usually counter productive and just plain bad strategy to do it alone. A recent Investment Trends report suggests around 40 per cent of SMSF owners seek advice from a financial adviser and close to 100 per cent use an accountant or specialist administrator to assist with the compliance obligations such as tax returns, minutes, member statements, managing contributions and pensions.
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Growing Businesses – increase your super and save tax
Retirement and superannuation are always a topic of conversation for our small business clients. Paris Financial are pro-active in our approach with our small business owners and through discussion and planning we can advise our clients on how they can utilise the small business “retirement exemption” to make up to $500,000 in additional superannuation contributions and also save on tax.
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SMSF Critical Amounts, Changes & Dates
Reducing your tax exposure, maximising the opportunities available to you, and reducing your risk of an audit by the regulators is in your best interests. With the end of the financial year fast approaching, this update will help you do exactly that:
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The Power of Franking Credits in Super
How good are Franking Credits in a Super Fund? Surely Franking Credits in Pensions are NOT fully refundable?
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Good news for over 60's
Legislation has recently been passed to increase the Concessional Superannuation Contribution cap for workers over 60 from $25,000 to $35,000.
If you fall into this ....
... read moreNew super guarantee laws make directors liable
Company directors need to be aware that the Australian Government have brought in new laws now making directors personally liable for their company’s unpaid guarantee charge.
Companies have two weeks to ensure their super guarantee obligations are up-to-date for the June quarter or .....
... read moreDo you know how your super is performing?
Far more men know their super balance to the nearest $1000, says CoreData, than do women - 35 per cent versus 19 per cent.
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