We’ve all heard of salary sacrifice—but what does it mean when it comes to your super? It means contributing extra to your super, on top of what your employer already does, in before-tax dollars. Salary sacrifice payments—classified as concessional contributions because a lower tax rate applies—enable you to keep more of your money so your […]
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From 1 July 2014, the superannuation contribution caps have increased, allowing an opportunity to place more money in superannuation going forward. The contribution caps control the amount you can place into superannuation each year without facing penalty tax. If you are at least 50 you have higher contribution caps. There are two contribution caps – […]
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We have created a series of three videos to help you locate your superannuation online, using a set of tools that have recently become available online from the Australian government and Taxation Office. Find Your Superannuation Part 1 Set up your myGov online profile Get access into the Australian Taxation Office (ATO) online portal Find […]
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By David Baruffi, DipFP B.Ec MTax, CERTIFIED FINANCIAL PLANNER®, Director, Blueprint Wealth There have been repeated calls from the Government and superannuation industry about the advantages of consolidating your super funds. The bulk of the discussion centres on the saving of fees when moving your super funds from a number of funds into one fund. […]
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By Greg Major*, BA (AsSt) BE (Hons) MBA, GAICD FFIN FAIM, Director, Blueprint Wealth They say, only one thing in life is certain. And while we would rather plan our next holiday than consider what’s going to happen when we die, it is one inevitable event that we should all plan for. When someone dies, […]
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By Greg Major*, BA (AsSt) BE (Hons) MBA, GAICD FFIN FAIM, Director, Blueprint Wealth If you’re a stay-at-home mum one thing you shouldn’t put on hold is planning for your retirement, even if you’re not currently in paid work. According to the latest AMP.NATSEM Income and Wealth Report, Child Care Affordability in Australia, women are […]
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On Wednesday 6 November 2013, the Treasurer, the Hon Joe Hockey MP, and the Assistant Treasurer, Senator the Hon Arthur Sinodinos AO, announced the Government’s decision to abandon some of the previous Government’s tax and superannuation proposals. The announcement also indicated which of the former Government’s unlegislated proposals the new Coalition Government would proceed with. […]
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Members of corporate super funds are now receiving information packs on the Labour Government’s superannuation reforms called “MySuper”. Many of our clients have told us that they do not understand MySuper, its implications for them and whether or not they should allow themselves to be automatically transitioned to it. What does it mean? In a […]
Read "MySuper & What to do about it!"By David Baruffi, Director & Financial Advisor Corporate Superannuation is often seen by servicing advisors as a relatively passive exercise. However we have found that many employees report being disengaged from their Corporate Superannuation plan and do not understand the various benefits on offer as part of their Corporate Superannuation arrangement. Engaging employees in a […]
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