by Camden Professionals | Feb 22, 2024 | Income Tax Returns, Retirement, Superannuation, Tax & Accounting
As the second half of financial year unfolds, taxpayers may be exploring ways to reduce their tax liabilities before June 2024. One often overlooked avenue for tax savings lies within the superannuation system, specifically through the strategic utilisation of unused...
by Camden Professionals | Jan 31, 2024 | Property Investment, Property Investment Tips, Retirement, SMSF, Superannuation
Australians love property and the lure of a 15% preferential tax rate on income during the accumulation phase, and potentially no tax during retirement, is a strong incentive for many SMSF trustees to dream of large returns from property development. We look at the...
by Camden Professionals | Dec 13, 2023 | Retirement, SMSF, Superannuation
For many people, super is one of the best ways to grow your wealth, as it provides significant tax concessions to help you save for retirement. Downsizer contributions are a valuable way to boost your super as you approach retirement. What is super? Superannuation is...
by Camden Professionals | Nov 30, 2023 | Business, Retirement, Succession Planning
Effective businesses recognise the necessity of transparent communication and a well-constructed plan to guarantee ongoing operations. Delegating control to another individual is invariably challenging, a truth applicable not only to personal life but also magnified...
by Camden Professionals | Sep 15, 2023 | Retirement, SMSF
Retirement may be the end goal for most Australians but with it comes the fact that you will no longer receive a regular income. The Australian Government has implemented many measures to encourage people to plan for their eventual retirement; the biggest being the...
by Camden Professionals | Mar 24, 2023 | Announcements, Retirement, SMSF, Superannuation, Wealth Planning
The Government has announced that from 2025‑26, the 15% concessional tax rate applied to future earnings for superannuation balances above $3 million will increase to 30%. The concessional tax rate on earnings from superannuation in the accumulation phase will remain...
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