The tax treatment of compensation payments can be tricky
The tax treatment of compensation payments can be tricky If you have had a rental or commercial property damaged by recent summer storms (or bushfires or floods) you may have…
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Six Super Strategies to consider before 30 June
Six super strategies to consider before 30 June With the end of financial year fast approaching, now is a great time to boost your superannuation savings and potentially save on…
Compensation from your bank or financial institution – is it taxable?
Compensation from your bank or financial institution – is it taxable? Whether you’ve received bad advice or paid for advice you didn’t receive at all, our supervisory and regulatory bodies…
Using super to pay the mortgage
Using super to pay the mortgage Have you reached preservation age and still have a mortgage? If so, you may be able to use your super to deal with your…
Returning to work after retirement
Most people look forward to retirement as it is a chance to finally take time to relax, enjoy life and do things they never had time for when they were…
The taxation of super death benefits
The taxation of super death benefits Wondering if your beneficiaries will pay tax on your superannuation death benefits? The answer is it depends on a number of important factors.Most people…
Two “main residences” is possible
Two “main residences” is possible The CGT exemption for a person’s home is only available in respect of one home owned at any given time. In other words, you can’t…
Don’t ignore those tax debts: the ATO won’t!
Don’t ignore those tax debts: the ATO won’t! Whilst the ATO went out of its way to assist businesses doing it tough during the COVID lockdowns, a more robust approach…
How to nominate a super beneficiary
How to nominate a super beneficiary There are many types of nominations offered by different funds. Knowing which one suits your circumstances is key to ensure your superannuation ends up…