After a year when the average superannuation balance fell slightly or, at best, moved sideways, now is a good opportunity to think about ways to rebuild your savings while being mindful of tax.
The idea of adding a granny flat to your property sounds like a great idea. A property to rent out to generate some welcome extra income, or a home for adult children or mum and dad in their later years.
The 2019-2020 Federal Budget (Budget) has been delivered with Treasurer Josh Frydenburg announcing a ‘back in the black’ Budget, supporting a stronger economy and secure future for Australia. Frydenberg’s first Budget focuses on reducing the tax burden for the majority of working Australians, greater superannuation flexibility for retirees and a one-off energy relief payment for […]
People often think their superannuation will be treated as part of their estate when they die and distributed according to their Will, but that’s not the case. Unless you have nominated your beneficiaries, the decision as to who receives your superannuation is in the hands of the trustees of your fund.