If you’re running a small business and decide to sell it – or dispose of some of its assets – the Capital Gains Tax (CGT) retirement exemption can be a game-changer. This concession can significantly reduce, or even eliminate, the tax payable on the capital gain.
If you’re looking for ways to give your children a boost in saving for their first home, the First Home Super Saver Scheme (FHSSS) is a smart option to consider. It’s a tax-effective strategy that allows young people to grow their deposit faster, provided they meet the eligibility criteria and have never owned property before.
If you’re considering using your self-managed super fund (SMSF) to buy property, you’ll need the right structure in place. One of the main ways to do this is through a Limited Recourse Borrowing Arrangement (LRBA).
Being made redundant often comes with a lump sum payout. While this can provide valuable financial support, it’s important to understand how the payment is taxed. Not all components are taxed the same way, and the tax treatment can significantly affect how much you actually take home.
Claiming car expenses for electric vehicles (EVs) can be more complicated than for petrol cars – especially when using the logbook method. While fuel receipts are straightforward for petrol cars, calculating electricity usage for EVs requires more careful record-keeping and ATO-approved methods.
Most Australians who’ve owned their home for 3+ years have built significant equity.
The big question is: are you putting it to work, or letting opportunity slip away?
In our latest blog, I share common mistakes to avoid when leveraging equity for investing — and we’ve also included a 7-Step
Checklist
you can use straight away.
Australia’s passion for self-managed super funds (SMSFs) is stronger than ever. According to the ATO’s June 2025 quarterly statistical report, SMSFs have officially surpassed the $1 trillion mark in assets, cementing their place as a key driver of retirement wealth.
Family trusts are often praised for their tax and asset protection benefits. One of the biggest attractions is the ability to split income among family members, helping reduce the overall tax burden compared to when one person earns all the income or when the trust itself is taxed.
With over $4 trillion in superannuation savings, it’s no surprise that scammers see super as an easy target. The Australian Securities and Investments Commission (ASIC) has issued warnings about the growing number of high-pressure sales tactics and misleading promises designed to trick Australians into risky superannuation switches. Since your super is likely to be one of your largest lifetime investments, knowing how to protect it is essential.
Superannuation is one of the most tax-effective ways to save for retirement. But the government sets strict annual limits,
called contribution caps, on how much you can add to your super. If you go over these caps, you may face extra tax.
Here’s what happens, your options, and how to avoid breaching the limits.
When someone passes away without a valid will, this is called intestacy. In this situation, each Australian state and territory has its own rules that determine how the estate is divided. While these intestacy laws provide a safety net, the outcome may not reflect what you would have wanted for your family.
Last month’s economics and productivity roundtable wrapped up with the government making it clear that it remains firmly in
charge of the nation’s tax policy direction. While plenty of ideas were discussed, very few immediate changes are set to be
introduced.
Aside from ongoing talks with the States about a road user charge for electric vehicles, the only confirmed measures remain
the two small personal income tax cuts promised at the May election and the 15% tax on large superannuation
balances.
Buying a property off the plan can be an attractive option, but it comes with unique capital gains tax (CGT) implications. Because settlement may take place months—or even years—after signing the initial contract, it’s important to understand how CGT rules apply.
Many Australians pay out of pocket for courses and study programs to improve their skills, advance their careers, and boost their income. While this is a great investment in your future, it raises an important question: are self-education expenses tax-deductible? The rules can be complex, and the ATO applies a strict test. Let’s break down when you can (and can’t) claim a deduction for self-education expenses.
If you’re aged between 67 and 75 and want to claim a tax deduction for personal super contributions, special rules apply. You’ll need to meet the work test (or in some cases, the one-off work test exemption). Understanding these requirements is essential to maximise your retirement savings and stay compliant with ATO rules.
Many Australians hold life insurance and disability cover inside their superannuation fund. It’s a simple and
cost-effective way to get protection, but as retirement approaches, many people start to question whether it’s worth keeping.
There’s no universal answer. Whether you should keep or cancel insurance in super depends on your stage of life, financial situation, and
family needs. Here are the key things to consider before making changes.
Feeling stuck in the middle? You're not alone.
Supporting both ageing parents and grown-up kids? Here's how to protect your finances without burning out.
More Australians are joining the sandwich generation — juggling care for elderly parents while still supporting children, often
well into adulthood. It’s emotionally draining and financially challenging, especially if you’re trying to keep your retirement plans on
track.
Can you claim work clothes on tax? Here's what actually counts.
From steel-capped boots to business suits — what's deductible and what’s not might surprise you.
In this article, we break down what you can claim, what you can’t, and how to avoid the common traps — especially if you're buying uniforms,
protective gear, or laundry expenses.
Thinking about an SMSF? Here's what most people get wrong. Control, flexibility, direct property... SMSFs sound like the ideal setup — but
they’re not for everyone.
If you’ve been wondering whether an SMSF is right for you, we’ve broken down the key things to consider.
Australia is set for a massive intergenerational wealth transfer, with trillions at stake. If you're inheriting or planning your legacy, understanding the tax implications is crucial. Learn how to protect your wealth and avoid common tax pitfalls—contact us today for expert advice.
Going through a divorce or separation? The transfer of property and assets can have significant tax implications. Learn how CGT roll-over relief works and what you need to consider to avoid future surprises. Get expert advice tailored to your situation—contact us today.
From 1 July 2025, the superannuation guarantee (SG) rate will increase to 12%, meaning more employer contributions to your super fund. This change will boost your retirement savings over time but timing matters when it comes to how much super you receive.
With recent market volatility triggered by Trump’s tariffs leading to widespread share sell-offs globally, it’s more important than ever to understand how Capital Gains Tax (CGT) applies to the sale of shares in Australia
If you're nearing retirement or already receiving the Age Pension, there's good news. Starting 1 July 2025, the Australian Government will increase the Age Pension means test thresholds — a change that could make more older Australians eligible for a full or part pension and potentially increase current payments.
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