From 1 July 2018, the Federal Government is allowing ‘Downsizer contributions’ of up to $300,000 per individual who sells their family home after age 65.
property
Time to get your SMSF finance in place
The next federal election is due to be held in late 2018 or early 2019 and if Labor wins this election it has plans to introduce legislation to stop SMSF lending.
Five good habits to build wealth
According to the Reserve Bank of Australia, the average Australian earns $1,164 per week or $60,528 per year. Then, the average Australian saves 4.70% of their income or $2,844 per annum. Not much.
Downsizing the home to get more super
As part of the May 2017 budget changes, people over 65 will be able to make an additional contribution to super provided they sell their house to do it.
How can a young couple build a 40% home deposit?
Young couples under 40 are dropping out of home ownership due to steep price rises in Sydney and Melbourne.
Two cases where Investment Bonds can help super
Investment Bonds have benefits and features which are worthwhile evaluating as a way to supplement superannuation or even as an alternative tax-effective vehicle. 1. When super contribution caps are maxed out – selling a property Anna is 55 years old and is on the highest marginal tax rate of 47% and expects to earn $250,000 […]
Inheriting a property with a mortgage
You’ve inherited a property, but is the inherited property liable to repay the remaining mortgage debt? Your debts don’t die with you. They survive you and have to be paid from your estate. In the recent case of Winn v Harding, the New South Wales Supreme Court was asked to assess whether the gifted property […]
SMSF checklist when borrowing to buy a property
It is essential to have the necessary cash flow inside the SMSF to fund the ups and downs of investment property ownership.