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#Everyoneneedsaplan to Maximise Super Contributions from 1 July 2020
Posted by Dean McKinnon
on 14 September 2019
If you are aged 65 to 67 you may be able to contribute an additional $200,000 to your super from 1 July 2020.
The federal government is currently in the process of making changes to super contribution laws and from 1 July 2020 the "Work Test" requirements for super contributions are likely to be amended.
Effectively this will mean from 1 July 2020 if you are aged between 65 and 66 you will be able to make voluntary contributions to your super (concessional and non-concessional...
| Posted in:SuperannuationRetirementFinancial Planning | 0 Comments |
#Everyoneneedsaplan When Guaranteeing a Loan
Posted by Dean McKinnon
on 7 September 2019
Trying to help out a family member or a dear friend by providing your personal guarantee (or offering your property as security) could be very costly at some point in the future, so before putting pen to paper and signing your life away make sure you consider the following:
What is the difference between a guarantor and a co-borrower?
Will the guarantee affect your own borrowing?
Are you providing personal guarantee or your own property as security for the loan?
Make sure you ge...
| Posted in:Mortgages and Finance | 0 Comments |
#Everyoneneedsaplan HECS/HELP Minimum Repayment Threshold
Posted by Dean McKinnon
on 31 August 2019
HECS/HELP Minimum Repayment Threshold Increased
I have just read in a recent article from the ATO Small Business Newsroom newsletter received Wednesday 28 August 2019 that the Minimum Repayment Threshold for HECS/HELP loans is increasing from 1 July 2019.
The new Minimum Repayment Threshold is $45,881.
Employers may need to increase the PAYG tax withholding for any employees that have HECS/HELP loans to ensure they meet the new minimum repayment threshold requirements....
| Posted in:Tax | 0 Comments |
#Everyoneneedsaplan for taking leave
Posted by G. Dean McKinnon
on 29 August 2018
Family & Domestic Violence Leave Entitlements
Recently the modern awards were changed to provide employees with access to 5 days of unpaid family and domestic violence leave each year.
The leave can be taken by employees who need to deal with the impact of family and domestic violence, including (but not limited to):
making arrangements for their safety or that of a family member;
attending court hearings;
accessing police services.
The entitlement app...
| Posted in:Social Security | 0 Comments |
#Everyoneneedsaplan to Budget for Christmas
Posted by G. Dean McKinnon
on 18 July 2018
CHRISTMAS IN JULY?
Maybe, but it is time to start planning for the Festive Season without breaking the bank.
We have some tips on how to avoid the budget going into the 'red' and still enjoy your Christmas and New Year Festivities:
Make a Plan - the key to a successful Christmas is to make sure you plan your expenditure.
Separate Your Cash and Credit Cards - you should separate your cash and credit card expense budgets. Always using a credit card or cash card ...
| Posted in:Financial Planning | 0 Comments |
