We’re at that time of the year again: the shopping centres are packed, you’re signing dozens of greeting cards, and little miss/mister has just handed you a ‘wish list’ longer than they are tall. And
The Federal Government has this week passed the superannuation package announced in the May Budget 2016 and later amended in September. Some of the changes that have been passed include: • $1.6 million cap on the amount of tax free superannuation savings a person can hold in retirement. • Concessional contribution cap reduced to $25,000 (from the current $30,000 and $35,000 caps). • Non-concessional contribution cap reduced to $100,000, from the current $180,000. • Lower the current Division 293 tax income threshold from $300,000 to $250,000. • Removal of the 10% rule for deductible personal concessional contributions. Most of these changes will take effect from 1 July 2017. If you would like to discuss any of the above or find out how you can start planning for these changes, feel free to give us a call or make an appointment.
Decisions around aged care are always difficult and emotional. From the start of next year they are likely to get even more complex, with both the Age Pension and aged care sectors set for another
Australians are constantly being told they are not saving enough for their retirement. The argument goes that unless you have enough saved in superannuation you will be forced to rely on the Age Pension. But
Low interest rates and unsettled sharemarkets make the chase for yield a challenging prospect. And yield is important, particularly for those approaching or already in the retirement phase. Because maintaining capital and enjoying a steady
Just when those saving for retirement thought the rules couldn’t get any more complex, the Turnbull Government has revised some of the key elements of the controversial superannuation reforms it announced in the May 2016
The 2016 Variety Bash kicked off last weekend and EFS are proud to support this great cause! The Variety Bash is Australia's largest motoring event staged by Variety the Children's Charity and sees participants setting
Budget 2016: Blueprint for an election Treasurer Scott Morrison promised it would be no ordinary budget but instead an ‘economic plan for jobs and growth’. With the federal election to be called as early as
Hi Everyone, Welcome to my monthly blog. My aim in these blogs will be to bring you on my journey towards what will hopefully be a successful 2016. Currently I’m at Falls Creek in Victoria.
Global ratings agencies Standard & Poor’s and Moody’s have effectively put the new Turnbull government on notice to reduce the nation’s budget deficit or risk a downgrade in Australia’s credit rating. Sounds serious, but what