A Super New Opportunity for EOFY 2018

For the first time in decades for employees, the approach of June 30 provides you with the perfect opportunity to make a tax-deductible contribution to your superannuation if it’s appropriate in your situation. Personal Concessional Super Contributions The laws changed last July – now everybody who is eligible to contribute can make concessional contributions up…

Pay off the mortgage or get super tax breaks? Which option makes you a richer retiree?

You are in your mid-50s and on the career home stretch. You’re at, or are approaching peak earning capacity, the kids have finished school, are working and independent, and now’s the time to really focus on setting yourself up for retirement. Prime suspect: the mortgage. That is a natural and very visible target. It’s staring…

Government Super Report reveals need for increased productivity

By Steve Blizard   10 June 2018 Over the past month there have been an unusually large number of articles about superannuation. So what is going on? On the 29 May, the Productivity Commission released a report that documents various flaws in the current $2.6 trillion compulsory superannuation system. Since 1991, the design of default based…