The end of this financial year is now only a few weeks away. Understanding the opportunities available to you can make a significant difference to your finances. Our Last Minute 2014 EOFY Planning guide contains information and strategies which can either reduce tax or increase wealth.
The guide can be accessed here.
With the recent announcements that the pension age will be gradually increased to age 70, the importance of superannuation and proper retirement planning has never been more important. And it has brought forward the age that people need to start their retirement planning. It used to be possible to start in your 50’s but now that people will need to self-fund themselves for longer (before gaining access to any aged pension), make it your 40’s.
Subject to passage through the government, the pension qualifying ages will be:
If you would like to discuss any strategy further, or need any assistance with your year end superannuation tax planning, please feel free to give me a call or send me an email.