What is salary sacrifice? Salary sacrifice is when you forego taking a portion of your income and instead paying salary sacrifice amount into superannuation. Personally we prefer the tax savings and invest in our best investment ideas or just passive index funds. Key benefits of salary sacrifice include: All salary and wages income are taxed at the […]
Income Insurance Australia
What is income protection – Income Protection Definition Income protection insurance is a of insurance policy where individuals (policy holder) pays a premium to an insurer in which in an event of sickness or injury causing disability the policy holder is unable to work. The insurer will provide a monthly income at a preset level over a […]
Current Superannuation Rate 2019
Superannuation savings is intended to provide assistance for employees to build savings for their retirement and reduce the burden on government age pension. Australian Superannuation guarantee rate is set a 9.5% of wages. This rate is set for the 2014 and 2015 and will not increase until 2021. Based on this superannuation rate, the calculator […]
Super Concessional Contribution Caps 2017
It is important for everyone to understand how much they can contribute to their super fund either the concessional and non concessional contributions amount as any amount above the super cap will be taxed at the marginal rate with excess concessional contribution charge. Concessional contributions are made up of: employer contributions as result of the current […]
Liability insurance Policies
Liability insurance are insurance policies designed to protect against risks from liabilities towards other people. We have simplified the sector into 3 major types. Public liability Insurance Public liability insurance indemnifies the policy holder for all amounts for which they may become legally liable regarding bodily injury or property damage incurred to another during period where the […]
Super Calculator
When you are thinking of retirement there are two main questions that come to mind. How much do I need in retirement (income and principal amount) How much do I need to save today to reach that goal by retirement Below calculators allows you to answer the questions above based on some basic assumptions. It […]
What you need to know to compare super funds
The choice on how to invest your superannuation fund is one of the most important financial decision you have to make. The decisions you make today will influence how much you will have at retirement. Different decisions today will coupled with the impact of compounded long term investment returns could mean very different outcomes down the […]