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Salary Sacrificing into Super

With the end of the 2014/2015 financial year quickly approaching, many SMSF trustees are now considering how much they can salary sacrifice into super for the financial year. Self Managed Super Institute’s National Operations Manager, Vincent Ting stresses that the first thing trustees should be aware of is how much they are allowed to salary sacrifice into super to avoid exceeding their contribution cap and paying the highest marginal tax rate plus other tax levies on the excess contribution. If you were born on or prior to 30 Jun 1965, you can receive up to $35,000 of employer contributions in the 2014/2015 financial year and for everyone born after 30 Jun 1965, you can receive $30,000 of employer contributions. Then if you are 65 years [...]

By |2017-07-07T12:16:44+00:00April 27th, 2015|Uncategorized|

How to avoid the big crash of June 2015

The teams at Self Managed Super Institute & Financial Choice are pleased to announce our next investment seminar on how to avoid the big crash of June 2015. This will be held May 11th, 2015 at 6.00pm at the Pullman Hotel, Circular Quay. Our economic forecaster Chris Waitling (founder and CEO) from Longview economics in London will be visiting Australia for a series of client meetings over two days to help high net worth investors prepare for the next economic cycle in Australia and the dramatic impact on interest rates and the share market. This will be extremely helpful for Superannuation investors and retirees to protect their capital from the next downturn that is just around the corner. Chris Waitling is on our investment committee and consults on our model portfolio construction [...]

By |2017-07-07T12:16:44+00:00April 14th, 2015|Uncategorized|

Will Hockey’s super proposal really address housing affordability?

Much has been said recently of Treasurer Joe Hockey’s proposal to allow young Australian’s early access to their superannuation to help them buy their first house. Whilst some in the media have viewed this as a solution to the housing affordability problem currently facing Australia, some, including fellow member of the Liberal Party Malcolm Turnbull, believe this is “a thoroughly bad idea”.   In the Financial Standard, Turnbull has been quoted as saying housing affordability has for many years been a “supply side problem”. With this, Turnbull is highlighting the fact that simply by allowing young Australians to access their superannuation early, this will not address these supply side problems, and in fact, could even add to existing demand which would put upward pressure on [...]

By |2017-07-07T12:16:44+00:00April 1st, 2015|Uncategorized|