11Feb

Personal insurances: Insurance premium styles

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When it comes to wealth accumulation and the management of certain lifetime risks, an appropriately established personal insurance plan can be an important risk management strategy. An appropriately established personal insurance plan can provide you (and your loved ones) with a safety net in the event you were to experience a financially stressful event, such […]

11Feb

Individual taxation: Tax offsets (or rebates)

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Over the course of your life, you’re likely to receive income (cash flow) from various sources. These can include employment, self-employment, business interests and investments. Importantly, the income you receive will often be assessable for income tax purposes. However, depending on your situation, there will be instances where the tax payable may be reduced. Below […]

11Feb

Update: Indexation of the transfer balance cap

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When looking to fund your retirement lifestyle from your super benefits, a tax-effective option can be to transfer your super benefits from accumulation phase to retirement phase by commencing a retirement income stream. In terms of the tax-effectiveness of a retirement phase income stream (e.g. an account-based pension): 1. Investment income and capital gains from the […]