Categories
Budget Tax Policy

What is coming in the budget? Budget lotto 2015

After failing so badly guessing what was in the budget last year it is time to have another go. So what is coming in next Tuesdays budget: 1. No changes to super at all. To differentiate them from the opposition. 2. A 2% reduction in the company tax rate for small business (>$5 million taxable […]

Categories
Super

Using super for tax planning is getting dangerous…

The super system has a legislated sole purpose, and it is not there fpr the purpose of minimising tax or achieving business succession or … It is just to provide retirement income. And everytime you think about using a super fund, with all its tax benefits, for anything other than providing for retirement be aware […]