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Is Superannuation Tax Deductible

Is Superannuation Advice Tax Deductible?

Typically speaking, financial advice related to superannuation is not an eligible tax deduction for your assessable income outside of your superannuation and cannot be stated on your tax return. However, financial advice fees outside of superannuation can be tax…

Carrying forward the concessional cap

Carrying forward the concessional cap

In May 2016, a measure known as the ‘carry forward’ rule was introduced by the Government, allowing individuals to carry forward their unused concessional contributions (‘CC’) cap from previous financial years to a later year as part of the…

Consumer confidence back to pre-COVID levels

Consumer confidence back to pre-COVID levels

Australian consumer confidence is back to its pre-COVID levels, but not back its overall high point, according to analysis from AMP Capital.Consumer confidence rose again during June by 6.3%, but remained negative with an index reading of 93.7, below…

Insurance in super is your cover adequate

Insurance in super – is your cover adequate?

Often, we speak with clients who assumed they have an adequate level of cover in their Super policy, only to be unpleasantly surprised. Today, Financial Adviser Michael Finn will be taking you through a couple of examples to demonstrate…

Who can give superannuation advice

Who can give superannuation advice?

Superannuation advice is provided to clients by a Financial Adviser. A person or organisation providing financial advice in Australia must hold an Australian Financial Services Licence issued by the Australian Securities and Investments Commission (ASIC), or they must be…

EOFY Savings: Claim Tax on Super Contributions

EOFY Savings: Claim Tax on Super Contributions With tax time fast approaching, you’re likely to have seen plenty of ‘EOFY SALE!’ advertisements around, urging you to take advantage of the discounts and save big. Something that you probably haven’t…

Tax Time 2020 – What You Need to Know

As we approach the end of the financial year, amidst a very unusual 2020, now is the time to think about getting your affairs in order and considering how you can maximise your return and ensure you get all…

Early Retirement Plan

It’s every Australian’s dream to retire earlier but sometimes the ability to access our super doesn’t line up with our plans. Generally speaking, the current rules only allow you to access your super when you meet certain conditions, however,…

Using a financial adviser

Using a financial adviser

Savannagh Chase So, you’ve decided to see a financial adviser. Following new financial advice can be daunting, especially if you’ve never consulted a professional adviser before. Research has indicated that increased wealth translates to an increased likelihood of seeking…