Election Tax Impacts
It seems the Federal Election results have surprised most pundits. Building up to the election, the hot topics for discussion seemed to focus on many tax related matters – so let’s look at the impact from a tax viewpoint. The following Labor proposals will no longer be on the agenda: No refund arising from excess […]
Is Self-Managed Superannuation Right for You?
Ensuring you have enough superannuation is crucial to securing your financial future once you retire. While most people keep an eye on their superannuation funds to ensure they’re tracking in the right direction, others want to take a more hands-on approach when it comes to their retirement nest egg. One way to do this is […]
Labor’s Proposal To Reduce The Capital Gains Tax Discount
With the election looming, Labor have confirmed they intend to legislate halving the CGT Discount to 25% for investments entered into after 1 January 2020. (this would mean more tax being payable on gains made into the future.) Currently the discount is at 50%, which means that a taxpayer (excluding company and superannuation funds) upon receipt […]