TAX SUMMARY 2018/2019. Lodgment and Payment dates. Companies and Superannuation Funds tax return (30 Jun year end) Lodgment date.
|
|
- Julian Malone
- 5 years ago
- Views:
Transcription
1 TAX SUMMARY 2018/2019 Lodgment and Payment dates Companies and Superannuation Funds payer 2018 tax return (30 Jun year end) Lodgment date Payment date All entities with one or more outstanding tax returns as at 30 Jun (1) 31 Oct Dec 2018 large/medium taxpayers. (2)(3) 15 Jan Dec 2018 Non-taxable and new registrant large/ medium taxpayers (2)(3), non-taxable and new registrant head companies of consolidated groups, and new registrant self-managed superannuation funds. Companies (3) and superannuation funds with total in of $2M (per latest return lodged) but not medium/ large. Remaining companies (3) and superannuation funds. 28 Feb Feb Apr Apr May May 2019 (1) If all outstanding tax returns are lodged prior to 31 Oct 2018, the lodgment due date should revert back to normal. (2) Large/medium taxpayers include: Companies that have annual total of more than $10M, members of a large business group, and public companies; and Superannuation funds with annual total of more than $10M, investments more than $50M or non-complying superannuation funds. (3) Includes head companies of consolidated groups. This tax summary card was produced as an information service and without assuming duty of care. This information is based on our interpretation of relevant superannuation and taxation laws as at 1 July William Buck is an association of firms, each trading under the name of William Buck across Australia and New Zealand with affiliated offices worldwide.
2 Superannuation Superannuation Balance Caps 2017/18 & 2018/19 Cap from 1 July 2017 Transfer Balance Cap (TBC) (1) Total Superannuation Balance (TSB) Cap (2) Balance limit $1.6 million $1.6 million (1) TBC limits the total amount an individual can transfer into the Retirement Phase of superannuation. (2) TSB is relevant for determining eligibility to make certain superannuation contributions. An individual s TSB that equals or exceeds the cap at 30 Jun of the prior financial year cannot make non-concessional contributions. Superannuation Contributions Caps 2017/18 & 2018/19 Contribution Concessional Non - concessional (1)(2) Age at 30 Jun All ages Under or over Cap $25,000 $100,000 (or $300,000 over 3 years) $100,000 Contributions tax 15% tax on contributions within cap. on Individual s marginal tax rate, plus an concessional contributions charge. Division 293 Further 15% tax if individual s (as adjusted by Div 293) is over $250,000. on option 1 Release and 85% of associated earnings. All associated earnings taxed at individual s marginal tax rate. on option 2 Individual s top marginal tax rate. (1) An individual under 65 may be able to make non-concessional contributions of up to three times the annual non-concessional contributions cap in a single year. (2) The ability to make non-concessional contributions may be limited by the member s account balance and its proximity to the member s TSB. Age Restrictions on Superannuation Contributions Age Under 65 Acceptance of contributions No restrictions apply 65 to 74 Individual must satisfy the work test (1) 75 and over (2) Mandated employer contributions only (1) Gainfully employed for 40 hours over 30 consecutive days during the year. (2) There may still be the ability to make additional contributions up to 28 days after the end of the month in which the member turns 75. Superannuation Guarantee Year Rate Maximum quarterly super contribution base 2017/18 9.5% $52, /19 9.5% $54,030 Capital Gains (CGT) Cap 2017/ /19 CGT cap amount $1,445,000 $1,480,000 Retirement exemption limit $500,000 $500,000
3 Minimum Account-Based Pension Factors Age at pension commencement (and 1 Jul of each year) Pension factor Under 65 4% % % % % % 95 and over 14% ation of Superannuation Benefits Superannuation streams element taxed (1) in fund Age at 1 Jul Under preservation age implications Assessable at marginal rates. No tax offset available. At or above preservation age (but under 60) 60 and over Assessable at marginal rates. 15% tax offset. Non-assessable, non-exempt. Superannuation lump sums Age at lump sum date taxed (2) rate (1) free Under preservation age 20% Nil At or above preservation age (but under 60) Within cap (3) Nil Excess above cap 15% 60 and over Nil Nil Superannuation death benefits Beneficiary rate (1) Nil free dependant Nil Nil Non-tax dependant (1) Rates exclude Medicare Levy. ed 15% Untaxed 30% (2) Non-government superannuation payments will typically be taxed. Constitutionally protected superannuation funds are untaxed and not covered in this tax summary. (3) Low Rate Cap is a lifetime cap - $200,000 for the year ended 30 Jun 2018 and increasing to $205,000 for the year ending 30 Jun Preservation age Date of birth Nil Preservation age Before 1 Jul Jul 1960 to 30 Jun Jul 1961 to 30 Jun Jul 1962 to 30 Jun Jul 1963 to 30 Jun From 1 Jul
4 Corporate Corporate Rates 2017/18 & 2018/19 Year Carrying on business in current year? (1) 2017/18 Yes 2018/19 Yes 2017/18 & 2018/19 Current year aggregated turnover Company tax rate <$25M 27.5% $25M or more 30% <$50M 27.5% $50M or more 30% No Any 30% (1) As at 1 Jul 2018, proposed legislation (before the Senate) replaces the carrying on a business test, for company tax rate purposes, with the requirement that the company has 80% or less passive in the current year. Franking Rate 2017/18 & 2018/19 Year Carrying on business in current year? (1) 2017/18 Yes 2018/19 Yes Prior year aggregated turnover Rate for franking purposes <$25M 27.5% $25M or more 30% <$50M 27.5% $50M or more 30% 2017/18 & 2018/19 No Any 30% (1) Under the proposed legislation, the carrying on a business test is proposed to be replaced, for franking purposes, with the requirement that the company has 80% or less passive in the prior year. Interest Rates Year Division 7A benchmark interest rate Unpaid present entitlement and sub-trust prescribed interest rate 7-year loan 10-year loan 2017/ % 5.30% 8.30% 2018/ % 5.20% 8.30% Motor Vehicle Depreciation Cost Limit Depreciation limit for 2017/18 and 2018/19 is $57,581. Small Business payers Depreciation Limits for Business Assets Amount Deduction From 7:30pm (AEST) 12 May 2015 to 30 Jun 2018 (1) Cost less than $20,000 Cost $20,000 or more Immediate 15% first year, 30% thereafter (1) The threshold reduced to $1,000 on 1 Jul However, proposed legislation before parliament would extend the $20,000 threshold through to 30 Jun Fringe Benefits (FBT) FBT rates year ending 31 Mar 2019 FBT rate 47% FBT benchmark interest rate 5.20% FBT gross-up rates Type 1 benefits Type 2 benefits Car park benefit threshold (per day) $8.83 Motor vehicle statutory formula percentage (1) 20% (1) Contracts entered into before 7:30pm (AEST) on 10 May 2011 may be subject to a different rate.
5 Individual Personal Rates Residents (1) 2017/ /19 $18,200 Nil 19 $18,200 Nil 19 $37,000 $3, $37,000 $3, $87,000 $19, $90,000 $20, $180,000 $54, $180,000 $54, (1) The temporary budget repair levy ceased to apply from 1 Jul Personal Rates Non-residents Non-residents are subject to tax at 32.5 their earnings up to $87,000 for 2017/18 or $90,000 for 2018/19, then at resident rates thereafter. Personal Rates Working Holiday Makers (1) 2017/ /19 Nil Nil 15 Nil Nil 15 $37,000 $5, $37,000 $5, $87,000 $21, $90,000 $22, $180,000 $56, $180,000 $56, (1) A Working Holiday Maker is a taxpayer with a visa subclass 417 (Working Holiday) or 462 (Work and Holiday). Rates at Your Fingertips! William Buck s Rates and Tools App is available now for Apple and Android phones and tablets. Packed full of the following features and more: rates and calculators Important tax dates GPS logbook tracker (IOS only) Receipt management tool
6 Medicare Levy 2017/18 Medicare levy of 2% applies to residents whose taxable and reportable fringe benefits exceed the upper limit. Type of taxpayer Lower limit (1) Upper limit Individuals $21,980 $27,475 Families (2) $37,089 $46,361 Threshold increase per dependent child/student Individuals eligible for Senior and Pensioner Offset $3,406 $4,257 $34,758 $43,447 (1) A phase-in of 10 cents per $1 applies above the lower limit. (2) Applies to families where there are no children and/or students. Medicare Levy Surcharge and Private Health Insurance Rebate Type of taxpayer Not affected Tier 1 Tier 2 Tier 3 Income levels 2017/18 & 2018/19 Singles $90,000 or less $90,001 - $105,000 $105,001 - $140,000 $140,001 or more Families (1) $180,000 or less $180,001 - $210,000 $210,001 - $280,000 $280,001 or more Private health insurance rebate from 1 Apr 2017 to 31 Mar 2018 Aged under % % 8.644% 0% Aged % % % 0% Aged 70 or over % % % 0% Private health insurance rebate from 1 Apr 2018 Aged under % % 8.471% 0% Aged % % % 0% Aged 70 or over % % % 0% Medicare Levy Surcharge Rate (2) All ages 0% 1% 1.25% 1.5% (1) Family level threshold is increased by $1,500 for each dependent child after the first. (2) payers with insufficient private health cover may be liable for the Medicare levy surcharge. Contact NSW T (61 2) VIC T (61 3) QLD T (61 7) WA T (61 8) SA T (61 8) NZ T (64 9)
... for individuals, their superannuation and their businesses.
tax facts 2017... ... for individuals, their superannuation and their businesses. For individuals 1.1 Income tax rates 1.2 Medicare levy surcharge 1.3 Low income tax offset 1.4 Tax discount for unincorporated
More informationFor business owners Accounting & Tax Investment Management Strategy & Planning. tax facts
For business owners Accounting & Tax Investment Management Strategy & Planning tax facts 2014... ... for individuals, their superannuation and their businesses. For individuals 1.1 Income tax rates 1.2
More informationLodgment rates and thresholds guide
Taxation and Superannuation Newsletter September 2017 Lodgment rates and thresholds guide 2017-18 Table of Contents To save you having to laboriously search for the right tax rate or relevant threshold,
More informationTax Rates Tables REVISED VERSION. September 2017
Tax Rates Tables 2017-18 REVISED VERSION September 2017 Individual income tax rates Residents 2016-17 Taxable income Marginal rate Tax on this income $0 $18,200 Nil Nil $18,201 $37,000 19% 19c for each
More informationLodgment rates and thresholds guide
Lodgment rates and thresholds guide 2017-18 Individual tax rates for residents 2016-17 tax thresholds Taxable Tax on this inome $0 $18,200 0 tax payable $18,201 $,000 19 19c for each $1 over $18,200 $,001
More informationAdviser AT YOUR FINANCIAL SERVICE. Life Solutions Wealth Solutions. Super Fast Facts 2006/07
Adviser AT YOUR FINANCIAL SERVICE Life Solutions Wealth Solutions Super Fast Facts 2006/07 Issued July 2006 Important note The information contained in this booklet is of a general nature only and does
More informationFast Facts Facts and Figures 1 January 2018
Fast Facts Facts and Figures 1 January 2018 Tax Rates and thresholds Individual resident tax rates 1 (Excludes minors and working holiday makers) Taxable income Tax % tax on excess $18,200 Nil 19.0% $37,000
More informationFacts and Figures. 2010/2011 financial year
Facts and Figures 2010/2011 financial year Issued September 2010 Contents Tax rates 3 Tax offsets 6 Capital gains tax 7 Superannuation 9 Termination payments 19 Retirement income streams 21 Social security
More informationFederal Budget Summary
Federal Budget Summary 2016 / 2017 Overview Federal Treasurer Scott Morrison s first Federal Budget is an unusual election year Budget, focussing on superannuation changes rather than the usual election
More informationLast night s Federal Budget contained a number of proposals that will impact the financial planning industry.
TapIn Flash For Adviser use only 2016/03 4 May 2016 2016-17 Federal Budget Adviser Briefing Last night s Federal Budget contained a number of proposals that will impact the financial planning industry.
More informationSuperannuation. Overview. Superannuation Contributions
Superannuation Overview Superannuation is a concessionally taxed structure and long-term savings vehicle designed specifically to accumulate funds for retirement. Superannuation provides a tax effective
More informationFast Facts Facts and Figures 1 July 2018
Fast Facts Facts and Figures 1 July 2018 Tax Rates and thresholds Individual resident tax rates 1 (Excludes minors and working holiday makers) Taxable income Tax % tax on excess $18,200 Nil 19.0% $37,000
More informationUnderstanding superannuation
Understanding superannuation Client Fact Sheet February 2012 Superannuation is an investment vehicle designed to assist Australians save for retirement. The Federal Government encourages saving through
More informationMLC Facts and Figures
For adviser use only MLC Facts and Figures 2017/18 Contents Tax 1 12 Super accumulation phase 13 30 Super access and taxation of benefits 31 44 Super pension phase 45 56 Social security 57 66 Aged care
More informationLesson 6 - Temporary Budget Repair Levy, Medicare Levy and Tax Calculation
Tax Training School Lesson 6 - Temporary Budget Repair Levy, Medicare Levy and Tax Calculation Table of Contents Taxable income and rates of tax 2 Budget repair levy 2 The Medicare levy 2 Exemptions from
More informationIncome Tax Return Checklist Year end 30 June 2018
Income Tax Return Checklist Year end 30 June 2018 Name: Date of Birth: ABN (if applicable): Please provide the following information in order for us to complete your tax return Personal details: Are you
More informationGuardian Investments - Budget 2016: What you need to know
Guardian Investments - Budget 2016: What you need to know This year s Federal Budget includes the most significant changes to Australia s superannuation system since 2007, plus tax initiatives to support
More informationFINANCIAL PLANNING CONCEPTS
FINANCIAL PLANNING CONCEPTS Superannuation Superannuation can be complex and the rules are always changing which is why it s important to should seek advice. This guide covers some of the essential things
More informationSuperannuation changes
This year s Federal Budget includes the most significant changes to Australia s superannuation system since 2007, plus tax initiatives to support low income earners and small businesses. On Tuesday 3 May,
More informationMoore Stephens Victoria. Level Collins Street Melbourne VIC 3000 Australia. T F E
Tax Guide 2016/2017 Moore Stephens Victoria Level 18 530 Collins Street Melbourne VIC 3000 Australia T +61 3 9608 0100 F +61 3 9608 0192 E victoria@moorestephens.com.au www.moorestephens.com.au Moore Stephens
More informationCSL Super a membership category of Maritime Super Membership Supplement
CSL Super a membership category of Maritime Super Membership Supplement 30 September 2017 Membership Supplement Maritime Super Division CSL Super (a membership category of Maritime Super) 30 September
More informationMLC Facts and Figures
For adviser use only MLC Facts and Figures 2015/16 Contents Tax 1 14 Super 15 38 Income streams 39 50 Social security 51 60 Aged care 61 66 Insurance 67 74 Important information and disclaimer This publication
More informationContributory Accumulation Seafarers Division Membership Supplement
Contributory Accumulation Seafarers Division Membership Supplement 30 September 2017 Membership Supplement Seafarers Division Contributory Accumulation 30 September 2017 About this Supplement The information
More informationMLC Facts and Figures 2011/12
MLC Facts and Figures 2011/12 MLC Facts and Figures 2011/12 MLC Facts and Figures 2011/12 Tax 1 14 Super 15 36 Income Streams 37 50 Social Security 51 60 Aged Care 61 66 Insurance 67 75 This information
More informationTax and super. Member Booklet Supplement. 1 March 2018
Member Booklet Supplement Tax and super March 208 The information in this document forms part of the First State Super Member Booklets (Product Disclosure Statements) for: Employer Sponsored members dated
More informationBWR Accountants & Advisers
BWR Accountants & Advisers June 2013 Newsletter Special points of interest: A large number of tax changes apply in the 2012/13 income year. A brief summary is provided in this newsletter. There may be
More informationFacts & Figures. Personal Tax Personal marginal tax rates (Resident) 2009/2010. March Taxation of payments received on termination of employment
March 2010 Facts & Figures Personal Tax Personal marginal tax rates (Resident) 2009/2010 Taxable Income MTR Tax Payable Up to $6,000 $6,001 $35,000 15% $4,350 $35,001 $80,000 30% $17,850 $80,001 $180,000
More informationADDITIONAL INFORMATION BOOKLET
ADDITIONAL INFORMATION BOOKLET Issued by Diversa Trustees Limited (ABN 49 006 421 638, AFSL 235153, RSE Licence No. L0000635) as Trustee of the HUB24 Super Fund (ABN 60 910 190 523, RSE R1074659, USI 60
More informationSuperannuation changes
This year s Federal Budget includes the most significant changes to Australia s superannuation system since 2007, plus tax initiatives to support low income earners small businesses. On Tuesday 3 May,
More informationWestpac Protection Plans Technical Guide.
Westpac Protection Plans Technical Guide. 19 October 2009 This document outlines important information about Taxation and Superannuation, relevant to your Westpac Protection Plans products. It should be
More informationSuperannuation. A Financial Planning Technical Guide
Superannuation A Financial Planning Technical Guide 2 Superannuation Superannuation overview 4 Superannuation contributions 4 Superannuation taxation 7 Preservation 8 Beneficiary nomination 9 Conditions
More informationAccumulation Basic Stevedores Division Membership Supplement
Accumulation Basic Stevedores Division Membership Supplement 1 November 2018 Membership Supplement Stevedores Division Accumulation Basic 1 November 2018 About this Supplement The information in this Supplement
More informationThe type of assets into which investments are made will depend on the investment strategy of your fund.
Super funds 1 July 2018 (updated annually) Creating your investment portfolio by making contributions to a superannuation fund can be one of the most effective ways to save for your retirement. What is
More information2016/17 Budget. 1. Effective Budget Night 7.30pm (AEST) 3 May New lifetime cap for non-concessional superannuation contributions
2016/17 Budget Superannuation reform changes 1. Effective Budget Night 7.30pm (AEST) 3 May 2016 1.1 New lifetime cap for non-concessional superannuation contributions The government will introduce a $500,000
More informationReversionary Pensions
SuperGuardian Information Reversionary Pensions A member s estate planning objectives should be taken into account when commencing any new pension. When a super fund member passes away, if they have a
More informationSuperWrap. Annual Report
SuperWrap Annual Report for the year ending 30 June 2017 Contents Welcome 1 Changes to superannuation that may affect you 2 Proposed changes to superannuation 5 Investment information 7 Other important
More informationAccumulation Plus Stevedores Division Membership Supplement
Accumulation Plus Stevedores Division Membership Supplement 1 November 2018 Membership Supplement Stevedores Division Accumulation Plus 1 November 2018 About this Supplement The information in this Supplement
More informationSuperannuation. A Financial Planning Technical Guide
Superannuation A Financial Planning Technical Guide 2 Superannuation Contents Superannuation overview 4 Superannuation contributions 4 Superannuation taxation 7 Preservation 9 Beneficiary nomination 9
More informationReliance Super a membership category of Maritime Super Membership Supplement
Reliance Super a membership category of Maritime Super Membership Supplement 1 November 2018 Membership Supplement a membership category of Maritime Super Reliance Super 1 November 2018 About this Supplement
More information2018/19 Federal Budget
2018/19 Federal Budget TECHNICAL UPDATE 08 MAY 2018 ADVISER USE ONLY Introduction On 8 May 2018, the Turnbull Government delivered the Federal Budget with a number of announcements impacting financial
More informationFirstTech Pocket guide. Adviser use only
FirstTech 2011 12 Pocket guide FirstTech was ranked 1st by advisers for Technical Support in the 2011 Wealth Insights Fund Manager Service Survey. Contents Income tax rates 2 Capital gains tax (CGT) 8
More informationTax on contributions. Non-concessional (after tax) contribution caps. Concessional (before tax) contributions
This document summarises the main Federal Government taxes that apply to superannuation at the time of publication. For more information, contact Catholic Super on 1300 655 002 or the Australian Taxation
More informationUnderstanding retirement income Version 5.2
Understanding retirement income Version 5.2 This document provides some additional information to help you understand the financial planning concepts discussed in the SOA in relation to understanding retirement.
More informationUnderstanding superannuation Version 5.2
Understanding superannuation Version 5.2 This document provides some additional information to help you understand the financial planning concepts discussed in the SOA in relation to superannuation. This
More informationRetained Benefits Maritime Super Division Membership Supplement
Retained Benefits Maritime Super Division Membership Supplement 1 November 2018 Membership Supplement Maritime Super Division Retained Benefits 1 November 2018 About this Supplement The information in
More informationStatePlus Retirement Fund
StatePlus Retirement Fund Additional Information Booklet ISSUED 10 NOVEMBER 2018 Issued by State Super Financial Services Australia Limited trading as StatePlus ABN 86 003 742 756, AFS Licence No 238430,
More informationBudget Summary of Tax and Other Issues. Prepared by:
Budget 2017-18 Summary of Tax and Other Issues Prepared by: Contents For Business... 3 $20k immediate deduction extended for another year... 3 Contractors in the courier and cleaning industries face greater
More information2013/2014 BUDGET & ATO ITEMS
pics 21 June 2013, Volume 3, Page 1 INDIVIDUALS AND FAMILIES Taxable Income Threshold and Marginal Tax Rates The following rates for 2013/14 apply from 1 July 2013: Resident thresholds $ Marginal rates
More informationBT Portfolio SuperWrap Essentials
BT Portfolio SuperWrap Essentials Information Brochure Personal Super Plan Pension Plan Term Allocated Pension Plan Product Disclosure Statement ( PDS ) The distributor of BT Portfolio SuperWrap Essentials
More informationMLC Facts and Figures
For adviser use only MLC Facts and Figures 2016/17 Contents Tax 1 14 Super 15 38 Income streams 39 50 Social security 51 60 Aged care 61 68 Insurance 69 76 NOTE: Footnotes have been included where appropriate
More informationHOW MY SUPER IS TAXED GUIDE
HOW MY SUPER IS TAXED GUIDE Prepared and issued The information in this document forms part of the following Energy Super Product Disclosure Statements (PDSs), each issued by Electricity Supply Industry
More informationAMOU Staff Seafarers Division Membership Supplement
AMOU Staff Seafarers Division Membership Supplement 30 September 2017 Membership Supplement Seafarers Division AMOU Staff 30 September 2017 About this Supplement The information in this Supplement forms
More informationFederal Budget May 2014
Federal Budget 2014 14 May 2014 On the 13th of May 2014, the Federal Government delivered its 2014/15 Budget. Summary: 2013/2014 predicted deficit of $49.9 Billion 2014/2015 - predicted deficit of $29.8
More informationCommonwealth Budget Report
PERSONAL TAX RATES The income tax thresholds and tax rates for residents (excluding the Medicare levy) are: 2013-2014 Income year (current) 2014-17 Income years Taxable income Rate Taxable income Rate
More informationBT Term Life as Superannuation
BT Term Life as Superannuation Annual Report for the year ended 30 June 2016 BT Term Life as Superannuation Annual Report for the year ended 30 June 2016 The issuer of Term Life as Superannuation (part
More informationKey changes for 2015 and beyond
Key changes for 2015 and beyond 10 December 2014 Mansi Desai outlines recent technical changes and what s in store for 2015 and beyond. Superannuation Superannuation Guarantee Superannuation Guarantee
More informationWestpac Personal Superannuation Fund. Westpac Term Life as Superannuation.
Westpac Personal Superannuation Fund. Westpac Term Life as Superannuation. Annual Report for the year ended 30 June 2017 Contents Welcome....4 Developments in superannuation....5 2017/18 superannuation
More informationBT Personal Portfolio Service
BT Personal Portfolio Service Superannuation and Pension Annual Report for the year ended 30 June 2017 Contents Recent developments in Superannuation 1 Proposed changes to Superannuation 4 Understanding
More informationParliament of Australia Department of Parliamentary Services
Parliament of Australia Department of Parliamentary Services Parliamentary Library Information, analysis and advice for the Parliament RESEARCH PAPER www.aph.gov.au/library 4 September 2009, no. 4, 2009
More informationLesson 7 - Tax Offsets
Tax Training School Contents Tax Offsets 2 Refundable Tax Offsets 2 Tax Offsets on the return 2 T1 - Senior and Pensioners (including self-funded retirees) 4 T2 - Australian Superannuation Income Stream
More informationIOOF LifeTrack employer super general reference guide (LT.13)
Employer and Corporate Super Issued: 1 October 2012 IOOF LifeTrack employer super general reference guide (LT.13) LifeTrack Employer Superannuation LifeTrack Corporate Superannuation Contents Everything
More informationewrap Super/Pension Additional Information Booklet
ewrap Super/Pension Additional Information Booklet Issue date: 30 September 2017 This ewrap Super/Pension Additional Information Booklet (this Booklet) has been prepared by the trustee of ewrap Super/Pension:
More informationSuperannuation. A Financial Planning Guide
Superannuation A Financial Planning Guide 2 Superannuation Contents Superannuation overview 4 Superannuation contributions 4 Superannuation taxation 7 Preservation 8 Beneficiary nomination 9 Conditions
More informationTransition to retirement (TTR) pensions
Transition to retirement (TTR) pensions No matter how many hours you work, if you are 55 or over, you can access your super as a transition to retirement (TTR) pension, even if you are still working full
More informationThe information in this document forms part of the EISS Super PDS dated 26 May 2017.
EISS Super How super works 26 May 2017 The information in this document forms part of the EISS Super PDS dated 26 May 2017. Making contributions In addition to the compulsory Superannuation Guarantee (SG)
More informationSuperannuation Superannuation
Superannuation Superannuation Using superannuation as a savings vehicle is a tax-effective way to increase your savings to meet your retirement goals. Types of superannuation funds There are many types
More informationThe NTAA 2016/17 Year End Supplement
The Tax Advisers' ' Voice July 2017 Year End Supplement The NTAA 2016/17 Year End Supplement Voice Page 1 Voice 2016/17 Supplement Index Capital Gains Tax Improvement Thresholds... 21 Cars Per Kilometre
More informationUnderstanding superannuation
Understanding superannuation Version 5.2 This document has been published by GWM Adviser Services Limited AFSL 230692, registered address 105-153 Miller St North Sydney NSW 2060, ABN 96 002 071 749 for
More informationA fresh start A guide to managing redundancies
A fresh start A guide to managing redundancies 2 012/13 Preparation date: 1 April 2013 Contents Make the most of Her s your what you ll fresh find within start. this document If you are leaving your employer
More informationHow super works. Member Booklet Supplement. 30 September September 2017
Member Booklet Supplement How super works 30 September 2017 30 September 2017 The information in this document forms part of the First State Super Member Booklets (Product Disclosure Statements) for: Employer
More informationCommonwealth Budget Report
PERSONAL TAX RATES The income tax thresholds and tax rates for residents (excluding the Medicare levy) are: 2014-2015 Income year (current) 2015-17 Income years Taxable income Rate Taxable income Rate
More informationWestpac Personal Superannuation Fund 2013 Annual Report. Westpac Personal Superannuation Fund Annual Report
Westpac Personal Superannuation Fund 2013 Annual Report Westpac Personal Superannuation Fund 2013 Annual Report 1 Contents Recent developments in Superannuation... 1 Understanding your investment... 7
More informationSuper and Pension. Additional Information Brochure. Date issued 5 December 2017
Super and Pension Additional Information Brochure Date issued 5 December 2017 Issued by: ClearView Life Nominees Pty Limited ABN 37 003 682 175 AFSL 227683 RSE Licence No L0000802 as Trustee for the ClearView
More informationTaxwise Individual News
Taxwise Individual News In this Issue... Medicare Levy Surcharge and Private Health Insurance Rebate Superannuation guarantee rate Super contributions caps Changes to superannuation excess concessional
More informationFirstTech Super guide. FirstTech was ranked 1st by advisers for Technical Support in the 2011 Wealth Insights Fund Manager Service Survey.
FirstTech 2011 12 Super guide FirstTech was ranked 1st by advisers for Technical Support in the 2011 Wealth Insights Fund Manager Service Survey. This Super guide has been developed to provide you with
More informationClearView Superannuation and Roll-overs ClearView Pension Plan
ClearView Superannuation and Roll-overs ClearView Pension Plan Additional Information 22 June 2012 1 Important information Issued by ClearView Life Nominees Pty Limited ABN 37 003 682 175 AFS Licence No
More informationComprehensive facts and figures for financial advisers MASTECH MAY 2015
Big Black Book 2014/15 Comprehensive facts and figures for financial advisers MASTECH MAY 2015 The MAStech Big Black Book The MAStech Big Black Book is an extensive reference tool containing financial
More informationDealing with redundancy
Dealing with redundancy What you need to know about your super Martin Kennedy Investor Education Manager What we ll cover today Your redundancy payment how it will be taxed and your ability to contribute
More informationEstate Planning Superannuation death benefits
Estate Planning Superannuation death benefits Nominating a beneficiary to receive your superannuation benefits upon your death gives you peace of mind knowing that the funds will be paid according to your
More informationHere s a round-up of what the Federal Budget could mean for your family finances.
2014-15 FEDERAL BUDGET THE STORY PART 2 16 May 2014 FIN On Wednesday we brought you The Story, a budget summary outlining the key proposals from Treasurer Joe Hockey s 2014-15 budget. Now the dust has
More informationFact. sheet. 2. How super works. Overview. Member account. Contributions. Product Disclosure Statement
Statement Fact 2. How super works The information in this document forms part of the Statement (PDS), dated 30 September 2018 for the Local Government Super (LGS) Accumulation Scheme. This document is
More informationASPECTS OF FINANCIAL PLANNING. Federal Budget 2012 May This Aspect covers features of the 2012 Federal Budget that impacts on our clients.
ASPECTS OF FINANCIAL PLANNING Federal Budget 2012 This Aspect covers features of the 2012 Federal Budget that impacts on our clients. Background On 8, the Deputy Prime Minister and Treasurer, the Hon.
More informationA guide to managing redundancies
A guide to managing redundancies A fresh start 2016 2017 Regardless of what your next steps might be this guide may help you effectively manage your new financial position better. Contents A fresh start
More informationContributing to Superannuation
Contributing to Superannuation Edition #4 190 Through Road, Camberwell VIC 3124 T: (03) 9809 1221 F: (03) 9809 2055 enquiry@gfmwealth.com.au www.gfmwealth.com.au ABN 69 006 679 394 Contributing to Superannuation
More informationTransition to retirement pensions
Transition to retirement pensions No matter how many hours you work, if you are over preservation age 1, you can access your super as a transition to retirement (TTR) pension, even if you are still working
More informationAdditional Information. Crescent Wealth Superannuation Fund
Additional Information Crescent Wealth Superannuation Fund Dated: 8 November 2018 Issuer: Equity Trustees Superannuation Limited ABN 50 055 641 757 AFSL 229757 RSE L0001458 ABN of the Fund: 71 302 958
More informationAsgard Managed Profiles and Separately Managed Accounts Funds Super/Pension
Asgard Managed Profiles and Separately Managed Accounts Funds Super/Pension Supplementary Product Disclosure Statement (SPDS) This SPDS, dated 30 September 2017, supplements information contained in the
More informationA Clear Direction Financial Planning Level 19, 10 Eagle Street, Brisbane QLD 4000 (07) ABN:
A Clear Direction Financial Planning Level 19, 10 Eagle Street, Brisbane QLD 4000 scottk@acleardirection.com.au (07) 3379 6068 ABN: 85 147 572 870 The budget has provided a number of significant changes
More informationSalary sacrificing into superannuation
Salary sacrificing into superannuation TB 10 TECHNICAL SERVICES ISSUED ON 1 JULY 2018 ADVISER USE ONLY VERSION 1.5 1 Summary Salary sacrificing part of an employee s wage or salary into superannuation
More informationINVESTMENT IN AUSTRALIAN REAL ESTATE BY A FOREIGN INVESTOR
INVESTMENT IN AUSTRALIAN REAL ESTATE BY A FOREIGN INVESTOR PREPARED BY: Chartered Accountants Business Advisers and Consultants Suite 201, Level 2 65 York Street Sydney NSW 2000 Australia Telephone: 61+2+9290
More informationSwim between the flags SMSF Trustee Program. Module 6 of 7. TAXATION OF SMSF s. Financial education for all Australians
Swim between the flags SMSF Trustee Program Module 6 of 7 TAXATION OF SMSF s Financial education for all Australians This page is left blank intentionally. Financial education for all Australians 1 No
More informationA A fresh guide start to managing redundancies
A fresh guide start to managing redundancies A A fresh guide start to managing 2014 2015redundancies 2013/14 Preparation date 03 March 2014 Issued by The Trustee, MLC Nominees Pty Ltd (MLC) ABN 93 002
More informationInvestment Objective and Strategy
Supplementary Report: The Anglican Church of Australia Collegiate School of Saint Peter Superannuation Fund for Teaching Staff ( the Fund ) A division of the PPS Corporate Superannuation Fund This Supplementary
More informationAsgard Elements Super/Pension
Asgard Elements Super/Pension Supplementary Product Disclosure Statement (SPDS) This SPDS, dated 30 September 2017, supplements information contained in the Product Disclosure Statement (PDS) dated 1 July
More informationFacts and Figures 2005/2006
Facts and Figures 2005/2006 Facts & Figures 2005/2006 Tax Pages 1-14 Super 15-32 Income Streams 33-44 Social Security 45-54 Protection 55-65 Disclaimer: This information has been published by MLC Limited
More informationTax Time Monthly OCTOBER 2017 INCOME TAX SUPERANNUATION STATE TAXES Williams Hall Chadwick
Tax Time Monthly OCTOBER 2017 INCOME TAX SUPERANNUATION STATE TAXES +61 7 3221 2416 www.wpca.com.au Williams Hall Chadwick CONTENTS 1 INCOME TAX pg 3 pg 3 pg 3 pg 4 Bill Introduced to limit deduction for
More informationUnderstanding superannuation
Version 4.2 This document provides some additional information to help you understand the financial planning concepts discussed in the SOA in relation to. Important information This document has been published
More informationUnderstanding superannuation Version 5.0
Understanding superannuation Version 5.0 This document provides some additional information to help you understand the financial planning concepts discussed in the SOA in relation to superannuation. This
More informationINDIVIDUAL TAX NEWS IN THIS ISSUE April 2015
INDIVIDUAL TAX NEWS IN THIS ISSUE April 2015 Medicare Levy Surcharge and Private Health Insurance Rebate Net Medical Expenses Tax Offset Superannuation guarantee rate Super contributions caps Changes to
More informationHow super is taxed guide (AP.4)
How super is taxed guide (AP.4) Issued 25 January 2018 The information in this document forms part of the ESSSuper Accumulation Plan Product Disclosure Statement dated 25 January 2018. Contents Providing
More information