Topics of Interest

Super Cash-out and Recontribution

Super Cash-out and Recontribution The re-contribution strategy involves withdrawing some or all of your superannuation balance and re-contributing the amount as a non-concessional contribution. Non-concessional contributions form part of the tax-free component of your super fund. This strategy means that you may be able to convert some or all of your existing taxable component into...

Tax Avoidance – Part One

Tax Avoidance – Part 1 Tax avoidance aims at minimising tax liabilities, and it is allowed by all taxpayers provided that respect to the law is maintained at all times. Tax evasion on the other hand has no respect to the law; it is a scheme or plan designed mainly to reduce or avoid tax...

Tax Avoidance – Part Two

Tax Avoidance – Part 2 Tax avoidance aims at minimising tax liabilities, and it is allowed by all taxpayers provided that respect to the law is maintained at all times. Tax evasion on the other hand has no respect to the law; it is a scheme or plan designed mainly to reduce or avoid tax...

The Baby Boomers Generation

The Baby Boomers Generation So called baby boomers because of the surge in birth rates following World War II. They are born between 1946 and 1964 where economic growth and prosperity took place. Although it is a Western phenomenon, similar surges occurred in other parts of the world not necessarily for economic reasons but maybe...

Tiny Houses

Tiny Houses It’s easy to understand why we look for the largest, most prestigious properties we can afford – we are constantly urged to define our success by our possessions: bigger, better, newer, faster, and shinier. A relatively recent counter-movement, however, urges lower impact, fewer goods and less consumption, and at its core nestles the...

Trust Distribution

Trust Distribution Taxable income may differ from the reported accounting net profit. The latter (Accounting profit – Label A) is calculated in accordance with the terms of the trust deed (distributable trust income) whereas the Net income (Taxable income – Label S) of the trust estate is calculated pursuant to sec 95 for taxation purposes...

Will and Estate Planning

Will and Estate Planning A Will is a legally binding document that details one’s wishes regarding the distribution of assets upon death. There are many assets that will not form part of a Will such as assets owned within a family discretionary trust or assets owned as joint tenants (unlike tenancy in common) where the...