With the end of financial year just around the corner, there are many ways you can increase your retirement savings by implementing tax-effective super strategies.

How you can benefit

The end of financial year is a great time to think about how you can boost your super savings before 30 June, and get your financial affairs in order.

There are many strategies you can implement before the end of financial year to boost your retirement savings and achieve tax savings, such as taking advantag...

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There are a number of ways that you can maximise tax deductions before the end of the financial year.

One simple way (that might also be the best decision you ever make) is to obtain an Income Protection policy and pay an annual premium. If you also run a business, you can add Business Expense cover.

Income Protection cover enables you to keep up with your everyday living expenses if you’re unable to work because of illness or injury. The regular monthly benefits allow you to concentrate ...

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If yes, then you may be liable to pay their Superannuation Guarantee contributions.

If you pay individuals under a contract that is wholly or principally for their labour, you have to make super contributions for them, even if they quote their ABN (Australian business number).

Generally, a contract is principally for labour if more than half of the dollar value of the contract is for a person's labour. This person is considered your employee for super guarantee purposes.

An individual's l...

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From July 2011, the tax deductibility of Total and Permanent Disability Premiums under superannuation will no longer apply to “Own Occupation” TPD policies.

The premiums on TPD policies used to be viewed as being fully deductible to a super fund. In 2008 this view has been challenged by the ATO.

The ATO’s National Tax Liaison Group expressed in March 2008 that not all TPD premiums should be deductible to super funds. Only those premiums which would result in a payment that would meet ...

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Workshop Success!

It’s been a busy few months and at Tudor Investassure we never rest (except for weekends and holidays!).

We successfully launched the first in a series of interactive workshops on March 28^th and we’re pleased to be hosting another one on Wednesday, 29^th June.

Feedback from the participants included:

“The presenter was brilliant, able to make financial planning sound like fun and best of all understandable… You all should go as it is very worthwhile, at the very l...

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From what I've so far read, there's not much to excite in this year's Federal Budget. In a way, that's quite nice - steady as she goes. But do Julia and Wayne have something up their sleeve to rock the boat (or dig the knife in)?
Two items of important note for our clients:
Contribution caps for over 50’s
There will be a change to the previously announced concessional contribution cap for those over 50 with a superannuation account balance of less than $500,000 (with effect from 1 July 2012, w...
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