Self managed super fund

Benefits Of A Self Managed Super Fund

Generally speaking, Australians have an ‘out of sight, out of mind’ attitude towards superannuation and the management of their funds. Currently only 42% of the population are aware of their super fund balance, with young Australians further behind at 37%.There are many different types of super funds and portfolios available. One of the lesser known options that is worth researching is a self managed super fund.

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Can salary packaging be used to get out of the Medicare Levy Surcharge?

Can I use salary packaging to avoid the Medicare Levy Surcharge?

In early June, my beloved and I received letters from the Australian Government outlining that as we were now 31 we would be subject to the Medicare Levy Surcharge (MLS) and Lifetime Health Cover (LHC) from 1 July this year. This notification has two potential implications for us.   Firstly, if our combined MLS assessable […]

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salary packaging to make your wealth grow

What’s the deal with salary packaging?

What is salary packaging? Salary packaging, also known as salary sacrificing, is an arrangement between an employee and employer whereby certain items are paid for out of an employees pre-tax salary.Typical items include superannuation, cars, computers, electricity, etc.   Salary packaging acts as an extra incentive for employee attraction and retention. Essentially, it’s a little […]

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