Changes in tax benefits for high income-earners and cuts to superannuation concessions in this year's Federal Budget have made investing in property an even more attractive proposition for property investors, Ray White Surfers Paradise CEO Andrew Bell has said.
In this year's Federal Budget, the government announced changes to superannuation that would see to a permanent reduction in the concessions on super contributions, and a temporary cut to the government's co-contribution payment.
Mr Bell said that measures to halve the cap on salary sacrificing into super, meant that there would be a greater tax rate on sums that would ...
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Categories: Investment, News, Superannuation. Tags: Investing in Property, Investment Loans, Mortgage Broker, Property Finance, Property Investors, Super Fund Loans.
By Arthur Kassos, CPA
With the financial year just around the corner the words on everyone's lips at the moment are superannuation and interest in advance "deductible investments". Unfortunately there are no "secrets" to reducing your tax bill at the end of the year.
You pay less tax by reducing your taxable income. This can be done by earning less or increasing your deductions. In some cases you can bring forward some of your future expenses and get deductions in this financial year. This can be done by prepaying expenses such as interest, insurance, lease payments etc. The prepayments are generally limited ...
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Categories: Accounting and Tax, News, Superannuation. Tags: Investment Loans, Property Finance.
By Murdoch Lawyers
Most people are aware of the changes to the superannuation law and hopefully have addressed their own circumstances with their financial advisor, particularly with regard to what may need to be done prior to the 30 June 2007.
However, what a lot of people may not have addressed is what happens to their superannuation benefits on death?
The first thing to realise is that superannuation death benefits do not automatically form part of your estate and are therefore not necessarily governed by the terms of your Will. Usually, the trustee of the fund will have the discretion as to ...
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Categories: Estate Planning and Structuring, News, Superannuation. Tags: 100% Home Loans, lo doc, low doc, low-doc-loans.
