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.
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 […]
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 […]