Super Ripoff!

Recently the Murray Report found that Australian’s are paying double the fees of other Western countries for their retirement. That’s costing us $20 billion dollars each year, or an average of $1100 each! Why are Aussies being so badly ripped off? Well we could blame...

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What Is A No TFN Tax?

  While superannuation funds are authorised to collect your Tax File Number (TFN) under the Superannuation Industry (Supervision) Act 1993, you’re not obligated to give or quote your TFN to your super fund. However, there are consequences for not giving your TFN...

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Excess Concessional Contributions

Excess Concessional Contributions – How does the  new rule affect you?    The new excess concessional contributions tax rule From the 2014 financial year (1/7/2013 – 30/6/2014), the way contributions tax applies to excess concessional contributions has changed....

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