Tax-deductible superannuation contributions explained

Tax-deductible superannuation contributions explained Did you know you can claim a tax deduction on certain super contributions when you do your tax return? Whether you’re employed, self-employed, unemployed or retired, you might be eligible to claim a tax deduction on your after-tax super contributions. After-tax super contributions are voluntary payments made into your super and don’t include compulsory superannuation guarantee or salary sacrifice contributions. How do I make a tax-deductible super contribution? There are various ways to make …

The Work Test And Work Test Exemption Explained

The work test and work test exemption explained If you’re aged 67 to 74 and want to make voluntary super contributions, you must meet a work test, unless you qualify for an exemption. See what you need to know. If you’re an older Aussie looking to make super contributions, you may have noticed more rules begin to apply as the years go on. If you’ve heard people talk about the work test and work test …

The new COVID-19 relief schemes explained

The new COVID-19 relief schemes explained As we navigate more COVID-19 lockdowns across Australia, here’s a guide to the main benefits you may be entitled to from the government, state by state. With new COVID-19 lockdowns, and an increasing number of cases it’s understandable if Aussies are feeling overwhelmed. On top of that, concern about their finances can just add to that stress. The COVID-19 early release of super program ended in December 2020 and the JobKeeper …

Dividends explained

Dividends explained If you are a shareholder of a company, you may receive payments known as dividends. These payments represent your share of the company’s profits and are your reward for investing. Dividends may be a great way to boost your income and are often considered tax effective. Find out exactly how they work and how often you’ll get paid. Why and when companies pay dividends When a publicly listed company makes a profit, its …

4 Wise Quotes About Investing Money Explained

4 Wise Quotes About Investing Money Explained Investing money in the financial market is similar to surfing in an ocean. Hidden beneath the seemingly innocent ocean waters are sharks that can rip you apart in case you come near their territory. In the investment market, you are the surfer while the sharks are bad investments that can gobble up your precious savings within a matter of seconds. But you can save yourself from bad investments …

Superannuation explained simply with ATO video’s

  Neither FinancialPartners (Tas) Pty Ltd nor AMP Financial Planning Pty Ltd is endorsing these videos, they are provided for easy access to the latest Financial Information. See Disclaimer below for full details     Please note there should be some caution in rolling over funds. There needs to be consideration of fees, Insurance and other features of the plans. We would suggest that you seek advice is this area.  

5 Wise Quotes About Investing Money Explained

5 Wise Quotes About Investing Money Explained Investing money in the financial market is similar to surfing in an ocean. Hidden beneath the seemingly innocent ocean waters are sharks that can rip you apart in case you come near their territory. In the investment market, you are the surfer while the sharks are bad investments that can gobble up your precious savings within a matter of seconds. But you can save yourself from bad investments …