Age Pension Eligibility Rule
The Government has announced that the Age Pension eligibility age will not go up to 70, as planned. But it is still going up, as is the superannuation preservation age. The move to take the Age Pension eligibility age up to 67 was legislated by the last Labor Government. The process started in July last […]
Meaning Of Independent: Financial Advisers
With all the media coverage around the negative behaviour of many large financial advisory firms and their affiliates, you may be forgiven for wanting to deal with a smaller, perhaps more independent financial adviser in the future, but what exactly does “independent” mean in in terms of financial services? Under the Corporations Act, a person who […]
Reform Of The ABN System
In Australia, there are currently around 7.7m ABNs with over 860,000 new ABNs issued in 2017-18. The ABN system was originally introduced in 2000 as a way to provide businesses with a unique identifier when dealing with the government and to support the introduction and administration of GST. Over the years, the ABN has become a […]
Superannuation Payout upon Death
Do you ever wonder what happens to your superannuation after you die? This is particularly important if you have a Self-Managed Superannuation Fund (SMSF). To assist SMSF members to understand the requirements of the superannuation and taxation laws, the article – by Monica Rule (an SMSF expert) has provided answers to common questions asked by […]
It Follows: Higher Education Debts
It might seem like a horror movie cliché, a monster that follows you wherever you go, but did you know that your higher education debts under the Higher Education Loan program (HELP), Trade Support Loan (TSL) or the Higher Education Contribution Scheme (HECS) debts follow you wherever you go in the world? Prior to 2017, […]