Smart End of Financial Year 2012 Tips

End of Financial Year Tax & Superannuation Strategies 2012 Want to make the most of the end of the financial year 2012?  These top tax and superannuation strategies can help you make the most of your money by saving you tax and giving your superannuation savings for retirement an extra boost.  Here are our top […]

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Family Trusts Explained

What is a family trust? A family trust is a legal structure where money or assets are managed by a person (or organisation) on behalf of and for the benefit of another.  A family trust (also known as a discretionary trust) is where money and/or assets are held in trust for benefit of members of […]

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Carbon Tax – How It Will Impact You

The Gillard Government’s has announced the details of the controversial carbon tax plan.   The tax is aimed at putting a price on pollution to encourage businesses to lessen their impact on the environment and climate change. Carbon Tax FAQs for Australian Families 1. What is the carbon tax? The carbon tax is a fixed price […]

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The Taxman Hitlist 2011

Most Australians lodge their annual tax return to the ATO each year without a second thought. Having a ‘self-assessment’ taxation system in Australia means that the ATO accepts the claims that a taxpayer makes in their tax return. Usually the ATO then issue an assessment notice on the basis of those claims without adjustment. It’s […]

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How to Invest Overseas

The Australian sharemarket makes up less than 3% of the world’s sharemarkets.  So, if you’re only invested into Aussie shares, you could be missing the opportunities of international markets such as in Asia, Europe and the US.  In addition, many industries are under-represented (or not represented) in Australia, which can limit your exposure to these […]

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Rent your property and still not pay Capital Gains – it is possible

Most of us know that if you sell the property you’re living in, you don’t pay any Capital Gains Tax (CGT) if the value has increased since it was purchased.  If you purchased your home prior to 1985, you’ll never have to pay Capital Gains Tax on it, regardless of whether it’s your own home […]

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Principal & Interest Loans vs Interest Only Loans

As financial planners we often asked what the difference is between Principal & Interest loans and Interest Only loans – otherwise known as P&I vs I/O loans.  There are a great deal of explanations online to explain this, however it’s quite often that we see only half an explanation at a time.  This article will […]

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Tax Saving Tips for End of Financial Year 30 June

End of Financial Year Tax Tips – 30 June The end of the financial year is almost here.  If you haven’t planned how you will maximise your tax return and save some tax, take note of these top tax tips.  Here are some tax saving strategies which you may like to consider: Defer non-essential income […]

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Australian Federal Budget Review 2010

The financial planners at Financial Spectrum have put together a Federal Budget Review for the 2010 / 2011 financial year of the major highlights of the Budget from a financial planning perspective.  Included are changes to tax rates, superannuation, company tax and more. From a financial planning perspective, this Federal Budget has few surprises.  There […]

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Financial Planning for Beneficiaries: Tax Implications of Inheritance

Most of us would rather not think about the death of a loved one.  Unfortunately, like paying tax, it is inevitable.  But what happens when you are the beneficiary of a deceased estate?  In this article we discuss the basics of receiving an inheritance: A loved one has passed away.  What happens now? A person […]

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