A new dawn. Simpler Superannuation Legislation seems easy to understand. No tax on your superannuation benefits after 1 July 2007 if you are over the age of 60. You can’t get much simpler, writes Wayne Lear. Read More...
Too often, small business owners meet the legislated superannuation requirements for their employees, but neglect their own individual superannuation strategies, hoping that at some time ‘down the track’ they will sell their businesses and this will provide them with superannuation income. Read More...
The belief that you must have a taxable income to make a margin lending facility tax effective is a myth. The fundamental principle of borrowing to invest is the ability to reduce the cost of the money you have borrowed by using the income received from the investment – and the tax benefit. Read More...
Great news! I have spoken to a friend who works at the Australian Mint who informs me there is no shortage of money. In actual fact, there is so much if it in our economy some people just don’t know what to do with it! Read More...
The big attraction of converting to a pension is that the tax rate on the investments in pension phase is nil. This mean that any taxation credits, due to the receipt of franked (tax paid) dividends, will be refunded. Read More...
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