2019/20 budget highlights and key takeaways

CraigAustralian Budget, Chris Fallico, Super, Tax

542 Blog Image

If you missed the recent announcement of the 2019/20 federal budget, 542 Partners has you covered! The ‘Ballot Box’ budget is designed to showcase the return to surplus and engage voters with initiatives to make them feel like they are more prosperous. A massive infrastructure spend adds to this sentiment. We partnered with Chris Fallico from ACADIA wealth advice to … Read More

Spotlight On: Super Strategies for Employees

StuartSuper

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For many, the new calendar year is a time for change and refocusing, and the end of the financial year should be no different. Australia recently welcomed some positive changes to superannuation for employees. So if you are an employee, now it’s time to focus on your finances and consider the following opportunities for maximising your employment package and overall … Read More

Spotlight On: Super Strategies for Business Owners

CraigSuper

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There is no doubt you have heard a lot about the recent super reforms. With so much being said, we’ve distilled our top strategies to help you stay compliant and take advantage of the new rules.   Make voluntary personal contributions The goal posts are changing around both concessional (pre-tax) and non-concessional contributions caps. Lower super caps make it harder … Read More

Spotlight on: Super strategies for employees

CraigSuper

Super For Employees

As an employee, salary-sacrificing superannuation, by making before-tax super contributions, is a popular strategy for middle-to-high income earners. Salary sacrificed superannuation contributions under an effective salary sacrifice arrangement are not considered to be fringe benefits and can be a tax effective strategy for increasing personal and retirement wealth. The general principle behind salary-sacrificing into super is to increase your superannuation … Read More

Spotlight on Super: Strategies for business owners

CraigSuper

Super For Business

With business expenses piling up around you, it’s easy to leave your own super contributions last on the list. While it’s law for you to pay the 9.5% of salary, superannuation guarantee for your employees, many small business owners fail to contribute the same amount (if any) to their own. New financial year. New Super strategy. According to the Association … Read More

SuperStream: Change for the better

CraigSuper

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    As we hurtle towards the end of the financial year, we are also fast approaching the 30 June 2016 deadline for SuperStream. If you’re a 542 client, you needn’t worry – you’re more than likely already using Xero’s free, easy-to-use clearinghouse software, which complies with SuperStream, if you haven’t enabled this feature or aren’t sure if you are … Read More

Super strategies from Australian experts

StuartSuper

Tech Insider

Tony Brennan Citi Equity Strategist Citi Group “A disproportionate amount of super savings is invested in the local sharemarket, rather than the bond market or international shares.”   “Super funds have on average around 35 per cent of total assets invested in local stocks. Given the Australian Securities Exchange makes up just 2 per cent of the global equity market … Read More

Why saving super now, can only mean good things later

DarnelleSuper

savings

If you’re a business owner, planning for retirement can fall down the list of priorities. With an ageing population and mounting costs of living, ‘super’ is an important consideration for all Australians, but even more so if you’re a business owner. Put simply, successful super planning means you’ve made sure you have enough to live off when you retire. And … Read More

Everything you need to know about SMSF (including what it stands for)

DarnelleSuper

Self managed superannuation funds or SMSFs are growing in popularity. Some figures have suggested that 31% of Australian retirement savings are held through self managed superannuation funds, out performing industry and/or retail funds. Why self-managed super? There are three main reasons why SMSFs are attractive: More control and flexibility over what you can invest in (including the ability to borrow … Read More