Author: mksadmin

April 2019 Federal Budget – Client Impact Analysis

  • 3 April, 2019
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Please find here our 2019 Federal Budget Update.  The Government has projected a 2019/20 surplus of $7.1billion and a reduction in the nation’s debt to zero by 2029/30.  Clearly, staged tax cuts are the cornerstone of this pre-election Budget, in an attempt to stimulate spending. Closer to home, the 2019 Budget does not include significant changes for our client stakeholders with some of the key impacts outlined below: A staged reduction (over six years) of the marginal tax rate from 32.5% to 30.0% (incomes between $45,001-$200,000) which will more closely align with the corporate tax rate.  Overall, the Government projects that by 2024/25, 94% of taxpayers will face a tax … Continue Reading →

May 2018 Federal Budget – Client Impact analysis

  • 29 March, 2019
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On the 8 May 2018, the Liberal-National Party Coalition delivered the 2018 Federal Budget. Read our analysis to see what impact this could have on you. MKS May 2018 Federal Budget Paper  

May 2017 Federal Budget – Client Impact analysis

  • 29 June, 2017
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On the 9 May 2017, the Liberal-National Party Coalition delivered the 2017 Federal Budget. Read our analysis to see what impact this could have on you. MKS May 2017 Federal Budget Paper

September 2016 Superannuation Update

  • 16 September, 2016
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September 2016 Superannuation Update – $500k lifetime cap dropped – On 15 September 2016, the Treasurer announced the following changes to the superannuation proposals that had originally been announced in the May 2016 Federal Budget.

Age Pension – Changes from January 2017

  • 19 August, 2016
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  On 7 May 2015, the Federal Government announced changes to the Age Pension assets test, affecting those retirees receiving a Centrelink Age Pension. The assets test thresholds for claiming the full Age Pension will increase, which means an estimated 50,000 extra Australians will be eligible for the full Age Pension. However, the assets test threshold for claiming a part Age Pension will fall, which means an estimated 300,000 Australians will lose Age Pension entitlements, with 100,000 of those retirees losing all entitlements. The announced changes are now law and take effect from 1 January 2017.   How do the Age Pension rules work generally? The Age Pension assets test (also known … Continue Reading →

Financial Planning

  • 8 January, 2014
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Investment

Sed ut perspiciatis unde omnis iste natus error sit voluptatem accusantium doloremque laudantium, totam rem aperiam, eaque ipsa quae ab illo inventore veritatis et quasi architecto beatae vitae dicta sunt explicabo. Nemo enim ipsam voluptatem quia voluptas sit aspernatur aut odit aut fugit, sed quia consequuntur magni dolores eos qui ratione voluptatem sequi nesciunt. Neque porro quisquam est, qui dolorem ipsum quia dolor sit amet, consectetur, adipisci velit, sed quia non numquam eius modi tempora incidunt ut labore et dolore magnam aliquam quaerat voluptatem. Ut enim ad minima veniam, quis nostrum exercitationem ullam corporis suscipit laboriosam, nisi ut aliquid ex ea commodi consequatur? Quis autem vel eum iure reprehenderit qui … Continue Reading →

Superannuation

  • 8 January, 2014
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Sed ut perspiciatis unde omnis iste natus error sit voluptatem accusantium doloremque laudantium, totam rem aperiam, eaque ipsa quae ab illo inventore veritatis et quasi architecto beatae vitae dicta sunt explicabo. Nemo enim ipsam voluptatem quia voluptas sit aspernatur aut odit aut fugit, sed quia consequuntur magni dolores eos qui ratione voluptatem sequi nesciunt. Neque porro quisquam est, qui dolorem ipsum quia dolor sit amet, consectetur, adipisci velit, sed quia non numquam eius modi tempora incidunt ut labore et dolore magnam aliquam quaerat voluptatem. Ut enim ad minima veniam, quis nostrum exercitationem ullam corporis suscipit laboriosam, nisi ut aliquid ex ea commodi consequatur? Quis autem vel eum iure reprehenderit qui … Continue Reading →