Monthly Archives: May 2016

Backpackers are already tax avoiders

There are concerns about the “backpackers tax”. This was a change announced in the 2015/16 Budget that would deem people working in Australia on holiday visas to be non residents for tax. As a result they would be taxed at … Continue reading

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I would hate to be a super specialist…

There are a number of changes that are going to make advising high wealth/income clients to use super very hard. Lets start with transition to retirement pensions. People have been recommending staring these TTR pensions as soon as you turn … Continue reading

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The shortest Budget summary ever…

Lets be brief (so I will ignore what will be covered in future Budgets)… The second highest bracket of the marginal tax rate goes from $80,000 to $87,000 on 1 July 2016. So people earning more than $80,000 pay less … Continue reading

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