If you earn less than $37,001 per year, you will have up to $500 of the tax you paid on your concessional super contributions refunded into your super account by the Australian Taxation Office through the Low I
It is important to consider the tax implications and potential scams before using your superannuation to pay off your mortgage early. Be wary of ‘too good to be true’ offers.Superannuation and tax ‘strategies’ to reduce your mortgage are often advertised on social media. These strategies shou...
This must be made from after-tax money and will be treated as a non-concessional contribution. Your spouse may be eligible for a tax offset of up to $540 when making a spouse contribution. Employer Your employer may make employer contributions for your benefit. This includes salary sacrifice ...
Lastly, when members reach the age of retirement and begin receiving income stream payments from their fund assets in the form of pensions or lump sums, these payments may be received completely tax-free under certain circumstances. These generous tax benefits make SMSFs an appealing option for...
The loss per share included net interest expense of $0.7 million and total expenses of $4.4 million, partially offset by net realized and unrealized gains of $0.1 million on Residential Mortgage-Backed Securities (RMBS) and derivative instruments, including net interest income on interest rate swaps...
The Company reported second quarter 2023 net sales of $480.6 million, up 15% compared to net sales of $417.4 million in the second quarter of 2022. The sales growth was primarily driven by the addition of SuperATV, along with price increases to offset inflation and the introduction of new ...
When money is as cheap as it is now, debt makes sense. Lock it in long term if possible. National debt is a different animal from personal debt or even corporate debt. Using debt to rebuild the nation makes perfect sense provided that we don’t do stupid tax cuts. ...
While no single energy source is ready to take the place of fossil fuels, their diminishing availability may be offset by a regimen of conservation and a combination of alternative energy sources. This will not solve the problem, however. As long as population continues to grow, conservation is...
investment in a tax-efficient manner. When a company is liquidated in this way, any funds distributed to the shareholders are treated as capital rather than income. This can result in significant tax savings for the shareholders, particularly if they have held their shares for a long period of...
The SAS curve will not shift, since the wage increase is exactly offset by a productivity increase. What will happen to the position of the SAS curve and/or LAS curve in the following circumstances?c. Wages that were fixed become flexible, and aggregate demand increases. The SAS curve will...