The Higher Education Loan Program (HELP) repayment levels have been published for the 2021-22 financial year. These are based on taxable income levels. HELP Repayment Levels: Thresholds and Rates If the person’s repayment income is: The percentage applicable is: More than or equal to $47,014 1.0% More than or equal to $54,282 2.0% More than […]
Below you will find a summary of the main superannuation rates and thresholds for 2020/21, as issued by the Australian Taxation Office (ATO). As always, if you require any advice regarding your own personal financial situation, please do not hesitate to get in touch. Category 2020/21 Concessional Contributions Cap $25,000 Non-Concessional Contributions Cap $100,000 CGT […]
Exchange Traded Products (ETPs) are investments that can be bought and sold just like shares on an open market, such as ASX or AQUA. ETPs are a commonly used, low-cost, managed investments. Types of ETPs: Exchange Traded Funds (ETFs) – you get returns similar to a share index. It can contain all types of investments […]
Here is a snapshot of how you can choose the right Superfund. If you would like to learn more abut it, please visit ASIC’s MoneySmart!
The first home super saver scheme lets people who have yet to buy their first home save extra money through super. How the Scheme Works When a prospective first home buyer makes concessional contributions above the compulsory 9.5% that their employer must make for them, this amount can later be withdrawn from super and used […]
Below you’ll find brief explaination of negative gearing and its purpose. What Is Gearing? Gearing is the term used to describe borrowing money to buy an investment asset. The term is used because borrowing increases the return of the investment for a given amount of an investor’s money – much like the gears in a […]
Do I Need Income Protection Insurance? If you or your loved ones would suffer if you could not work, then you should seriously consider income protection insurance. Unless you have some form of reliable ‘passive income’, income protection insurance is a critical component of a personal financial plan. How Do I Arrange It? The best […]
When you invest in shares, hopefully you will receive dividends paid out of company profits. When you receive a dividend, you also receive a credit for any tax that the company has already paid on its profits. These are known as imputation credits, or franking credits. How Imputation Credits Work When you calculate your personal […]
Life Insurance is quite simple. You take out a policy and the insurer agrees to pay your loved ones a lump sum if you die during the term of the policy. How It Works You nominate the person/s who you want to receive money and the insurer makes a payment to them. In some cases, […]
Trustees and Members A trustee of a super fund is someone who manages the assets of that fund on behalf of the members. In a Self-Managed Superannuation Fund, the members of the fund are also the trustees. Most SMSFs are run by people from the same family. An SMSF can have between one and four […]