Superannuation rates and thresholds updates

Superannuation rates and thresholds updates

From 1 July 2025, the superannuation guarantee (SG) rate officially rose to 12% of ordinary time earnings (OTE). This is the final step in the gradual increase legislated under previous reforms. So what exactly has changed? What’s changed? Old rate: 11.5% (up to...
Trust funds: are they  still worth the effort?

Trust funds: are they still worth the effort?

For decades, trust structures have been a cornerstone of the Australian tax and financial system, prized for their asset protection and flexibility when it comes to income distributions. However, with regulatory changes and mounting administrative complexity the shine...
Div 296 super tax and practical things to consider

Div 296 super tax and practical things to consider

Division 296 super tax is a controversial Federal Government proposal to impose an extra 15% tax on some superannuation earnings for individuals if their total superannuation balance (TSB) is over $3 million as at 30 June of the relevant income year. This measure is...
From air fryers to swimwear: tax deductions to avoid

From air fryers to swimwear: tax deductions to avoid

With the 2025 tax season fast approaching the Australian Taxation Office (ATO) is reminding taxpayers to be careful when claiming work related expenses. This is in reaction to a spate of claims that didn’t quite pass the ‘pub test’. To give you a few examples of what...