|
|

| Eligible Termination Payment ( ETP) | 18 July 2007 |
From 1 July 2007 the rules relating to ETP changed. ETP now relates to payments from employer's and Super Funds. As ever, 'nothing is easy' when it comes to taxation. If you are expecting a payment in the future we suggest you contact us and we can explain exactly what will happen under the new changes and what it will mean for you.
| | Poor Superannuation Savings for Women | 11 July 2007 |
According to research from the Association of Superannuation Funds of Australia (ASFA) the average superannuation balances for women are less than half that of men's balances. On average, the balance for men is $56,400 compared to women with $23,900 in their accounts. Obviously, this will lead to many women achieving only a very moderate stand of living in retirement. We would be happy to help those who would like some assistance to improve their situation. Please don't hesitate to contact us.
| | Estate Planning | 11 July 2007 |
When making a Will you should consider the following matters in your estate plan; * providing for your family * protecting that inheritance from future disasters * passing of personal items to future generations * taxation issues re: your estate and administration * superannuation and any other investments * property/assets that are jointly owned * business assets We often work in conjunction with our client's Solicitor and we can do this for you.
| |