Middle-to-higher incomes boosting SMSF growth

Middle-to-higher incomes boosting SMSF growth

The SMSF sector experienced healthy growth over the March quarter, with men and women on middle-to-higher incomes driving an increase in new funds established, according to statistics released by the ATO. . The SMSF quarterly fund statistics for March 2024 showed...
The superannuation changes from 1 July

The superannuation changes from 1 July

The super changes on the way from the start of the 2024-25 financial year. . A number of superannuation changes will come into effect from 1 July 2024 that are designed to help working Australians get more money into the retirement savings system. If fully utilised,...
Investment and economic outlook, May 2024

Investment and economic outlook, May 2024

Region-by-region economic outlook and latest forecasts for investment returns. . For the last decade-plus, a lack of both automation and new general-purpose technologies (GPTs) have weighed on U.S. economic growth. But new  research suggests that artificial...
Downsizer contributions can be time critical

Downsizer contributions can be time critical

With the expansion of the downsizer contribution, the timing of when it is used can affect how to use non-concessional contributions. . Tim Miller, education and technical manager for Smarter SMSF, said with the age requirement of the downsizer contribution dropping...
Deeming freeze a win for Age Pensioners

Deeming freeze a win for Age Pensioners

Why the decision to keep deeming rates on hold may be a window for interest rates.   . In delivering the second reading of the Appropriation Bill (No. 1) 2024–25 last week, otherwise known as the latest federal budget, the Treasurer announced that the current freeze...
Plan now to take advantage of stage 3 tax cuts

Plan now to take advantage of stage 3 tax cuts

With the stage three tax cuts set to be implemented in around six weeks, opportunities for tax-saving strategies should be considered soon. . Tim Miller, technical and education manager for Smarter SMSF, said “the stars are aligning”, especially for SMSF members...
Federal Budget 2024

Federal Budget 2024

Four main components of this year's Federal Budget can be seen by using the following links. . Overview   Easing cost-of-living pressures   A Future Made in Australia   Delivering a better deal for small businesses  ...
Winners & Losers

Winners & Losers

Jim Chalmers has handed down the government's third budget, with a $300 power bill boon for every Australian household, but the purse strings kept tight on other measures. Click on the image to read about the 33 different Winners and Losers.    ...
Budget breakdown – Federal Government Analysis

Budget breakdown – Federal Government Analysis

The 2024 Federal Budget is broken down into these five PDFs. Click on each to read more. . Easing cost-of-living pressures Building more homes for Australians Investing in a Future Made in Australia Strengthening Medicare and the care economy Broadening opportunity...