In The News

From 1 July, the super guarantee (SG) rate rises to 12%. But what if you're paid in July for work done in June – does the new rate apply? 

While contribution caps aren’t increasing this year, the transfer balance cap will rise, offering new opportunities for retirement planning. 

From 1 July, the thresholds for the Age Pension means test will increase. These changes may improve eligibility and payments for some retirees. How will this affect you?

Brush up on how capital gains tax (CGT) applies when selling shares. We explain the key rules around gains, losses, and the timing of the sale. 

From 1 July, the rules for claiming interest deductions on ATO debts will change. These updates make it more important than ever to stay on top of your tax obligations and avoid unnecessary costs.

We break down why it’s so important to get this distinction right – and how getting it wrong could end up costing you.

In this edition, we’ve pulled together some key updates and practical tips to help you stay ahead with your tax and super planning as we head towards 30 June and beyond.

We take a closer look at some common deductions that the ATO often keeps a close eye on, like working from home costs and using your own car for work. Our tips will help you get your claims right and avoid unwanted surprises.

There’s been a lot of talk about this new tax on large super balances. We explain the key concerns – like being taxed on unrealised gains and the fixed $3 million threshold – and why it’s important not to make any rushed decisions just yet. Remember, it’s still just a proposal.

Got a large property or extra land beside your main residence? We unpack the rules that could make this land exempt from capital gains tax (CGT). The rules are detailed, so it’s wise to seek advice if this applies to you.

The end of the financial year is fast approaching. This handy checklist helps you get organised – whether it’s reducing tax, topping up your super, or avoiding last-minute pressure. A little planning now can go a long way.

Disclaimer

All Client Newsletter Library material is of a general nature only and is not personal financial or investment advice. It does not take into account one individual’s particular objectives and circumstances.  No person should act on the basis of this information without first obtaining and following the advice of a suitably qualified professional adviser.  To the fullest extent permitted by law, no person involved in producing, distributing or providing the information through this service (including Institute Financial Professionals Australia (IFPA), each of its directors, councillors, employees and contractors and the editors or authors of the information) will be liable in any way for any loss or damage suffered by any person through the use of or access to this information.