Q. How does the First Home Super Saver Scheme (FHSSS) work and how to take advantage of the incentive?

Q.  My partner and I are saving to buy our first home in the next few years.  Can you please explain how the First Home Super Saver Scheme (FHSSS) announced in the 2017 Federal Budget will work and what we need to do to take advantage of the incentive? From 1 July 2018, first home […]

Q. What is the process of contributing funds into our super through ‘Superannuation Downsizer Contributions”?

Q. My wife and I are looking to downsize the family home and move into a smaller property.  We believe we can put some of the proceeds of the property sale into Super.  However, we are in our 70s and haven’t worked for years.  What is the process of investing these funds into Superannuation? A.  […]

Q. How will the changes to the First Homeowners Scheme which will take effect from 1 July affect us?

Q. My partner and I are looking to buy our first home.  We have been in the market for quite a few months and have missed out on several properties.  We are looking to spend no more than $650,000 on a unit in Sydney close to transport.  As neither of us has bought a property […]

Q. With the new financial year, my husband and I would like to take stock and focus on planning for the financial year ahead. How should we approach this?

Q. With the new financial year, my husband and I would like to take stock and focus on planning for the financial year ahead.  He is 52 and I am 50.  His income is $170,000.  I have returned to work 3 days a week and my part time income is $36,000.  We have two children; […]

Congratulations Damian Hearn – SMSF Specialist Adviser

As a practice, we believe in developing areas of specialisation as we feel that this gives our clients access to the best possible advice and services in a range of financial services.  With this in mind, we are very proud to advise that Damian Hearn has recently been accredited by the SMSF Association as a SMSF […]

Wealth & Health – Edition 2, 2017

Welcome to the Second edition of ‘Wealth & Health’ for 2017 We have been communicating regularly regarding the significant changes to the Superannuation System which will take effect on 1 July 2017. In this edition of our newsletter, we have summarised the major Super Reforms – who they impact, what is changing and what action […]

Q. How will the proposed First Home Super Saver Scheme announced in the 2017 Federal Budget work?

Q. My husband and I are saving to buy our first home.  Can you please explain how the proposed First Home Super Saver Scheme announced in the 2017 Federal Budget will work and what we need to do to take advantage of the incentive? A. From 1 July 2018, first home buyers will be able […]

Super Reforms – Fact Sheets

As you are most certainly aware, there are some Superannuation reforms which take effect on 1 July.  Depending upon your circumstances, employment status, Super balance and age you may be affected. The most important thing is that you seek advice and take action before the 30 June 2017 deadline.  There are some significant opportunities available, […]

Can I contribute into my Super the proceeds of selling a property I inherited from my mother?

Q. I am about to inherit a unit that was bought pre 1985 and was thinking of selling it and putting a one-off payment of $540,000 into super before 30 June 2017. Would I have to pay capital gains tax if the property was bought by my mother and it is transferred to my name […]

Super Changes and SMSF

Q. I have been reading about the super changes from 1 July 2017. As a Self-Managed Super Fund Trustee (SMSF), I am concerned that I might miss something or underestimate the impact of the changes. What changes should I be aware of? A: With many of the changes announced in the 2016 Federal Budget now […]