The inquiry firmly recommends that in the absence of an alternative scheme round 5 should re commence. They also stated
Subject to certain exceptions (mentioned below), the following table sets out the concessional cap for the income years indicated: Income year Amount of cap 2008-09 $50,000 2009-10 $25,000 2010-11 $25,000… read more →
Increase in the charge percentage for Super The Superannuation Guarantee (Administration) Amendment Act 2012 incrementally increases the charge percentage from 9% to 12%, phased in from 1 July 2013 to… read more →
A superannuation fund that wishes to benefit from the taxation concessions in the Income Tax Assessment Act 1997 (ITAA 1997) is required to satisfy certain provisions contained in the Superannuation… read more →
Superannuation is a specially designed long-term savings system, with the benefit that the savings will predominantly be used for retirement. In recent decades, the Australian Government has encouraged the use… read more →
Residents: Individuals benefit from the: • Tax-free threshold in the progressive income tax rate scale for residents (apportioned if a part-year resident) • 19% rate band in the income tax… read more →
One of our panel Banks has continued to be the leader in fixed rates. The lender is offering a 3 yr fixed rate at 4.69% (the comparison rate on this… read more →
The National Rental Affordability Scheme (NRAS) is starting to become accepted by lending institutions. In fact, over the last 8 months Home Loan Warehouse has seen considerable support for the… read more →
The distribution of NRAS allocations in Australia over the last 24 months has dictated that it may not be possible to purchase an NRAS scheme property in TWELVE MILE or… read more →
The distribution of NRAS allocations in Australia over the last 24 months has dictated that it may not be possible to purchase an NRAS scheme property in COME BY CHANCE… read more →