Budget 2020
I can’t ever remember there being so much hype around a Federal Budget, but the much anticipated 2020 Budget has finally been released. So let’s break it all down and pick out some highlights. Well…. It looks like we won’t…
Benefits of an offset account
Let’s look at how you can use your offset account to supercharge your future. Offset accounts have always been promoted as a strategy to reduce the amount of interest you are paying on your home loan. Important? You bet, but…
Budget 2017
While Scott Morrison might be excited about ‘Budget Night’, for most, it is about as exciting as watching paint dry! Overall, the 2017 Australian Budget has avoided drastic measures and has been seen as an attempt to restore voter confidence.…
Super reforms
For many years, critics have described superannuation as a ‘rort’ for the wealthy, due to the generous tax benefits. There has been a recent political shift to steer superannuation back to its core purpose of replacing, or supplementing the Centrelink…
The six year main residence exemption
Since the introduction of Capital Gains Tax (CGT) in 1985, the family home has retained its ‘sacred cow’ status as being exempt from this tax. Unless part of your home is used for income-producing purposes, there is no CGT payable…