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Taxable SMSF Assets Double: Is Your Fund Affected?

It's been a little over a year since the dual changes of the pension transfer balance cap and the reduction of tax concessions for transition to retirement pensions were implemented by the government. Recent research has indicated that these…
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Are You An Australian Resident?

In this global interconnected world, many Australians will no doubt leave Australia to work in many different countries in a vast array of professions. However, just because you leave Australia for a period time, that doesn't mean that your…
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Garnishee Orders May Bring Home The Bacon

Issuing a garnishee order is a cheap and easy way to claw back some of your debt, but there are a few matters to consider first. Bypass your debtor and go straight to the source of their funds Once the court has given you a judgment against…
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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…
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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…
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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…
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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…
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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…
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Super Guaranteed

Are you paying the right amount of super for your employees? It's that time of the year again, where the Australian Bureau of Statistics (ABS) release the indexation factors that are critical in determining various superannuation thresholds.…