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Latest Articles & News

Federal Budget 2018 Other Proposals

Federal Budget 2018: Other Proposals

Risk and asset protection / 9 May, 2018

Federal Budget 2018 Initiatives: Other Proposals Tax integrity measure for testamentary trusts   Tax integrity measure for testamentary trusts Effective 1 July 2019 Concessional tax rates for minors receiving income from a testamentary trust will be limited to income derived from assets transferred from a deceased estate or proceeds from the disposal or investment of those […]

Federal Budget 2018 Social Security

Federal Budget 2018 – Social Security

Wealth Management / 9 May, 2018

Federal Budget 2018 Initiatives: Social Security Pension Loan Scheme increase to maximum payments Increase in residential aged care funding Providing better access to aged care Pension Loan Scheme increase to maximum payments Effective 1 July 2019 The Pension Loan Scheme allows eligible individuals to access some of the equity in their home or other property […]

Federal Budget 2018 Superannuation

Federal Budget 2018: Superannuation

Financial Planning / 9 May, 2018

Federal Budget 2018 Initiatives: Superannuation 3 Year audit cycle for some SMSF SMSF Membership increasing to a maximum of 6 Super exit fees banned ‘Opt-in’ for Insurance in Super   3 Year Audit cycle for some SMSF Effective 1 July 2019 Some SMSFs will be allowed to move from an annual to a three-yearly audit […]

Federal Budget Tax Investors

Federal Budget 2018: Tax (investors)

Investments / 9 May, 2018

Federal Budget 2018 Initatives: Tax (investors) Removing the capital gains discount for managed investment trusts Deductions denied for vacant land Removing the capital gains discount for managed investment trusts Effective 1 July 2019 Managed Investment Trusts (MITs) and Attribution MITs (AMITs) will be prevented from claiming the 50% capital gains discount at a trust level […]

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