Taxation

The main tax you'll pay is income tax which is calculated on income you receive such as salary and wages, investment income and business income. Generally, the more you earn, the more you pay.

Different types are income are taxed in various ways and an understanding of the taxation system and how it applies to your income and assets is a vital part of a holistic financial plan.

Due to the complexities of the taxation system, along with the various strategies you will need to employ to effectively plan for your future, a strategic plan incorporating advice from both your financial planner and your accountant will result in the most comprehensive outcome.

  • Federal Budget 2019 - Overview

    The Government’s economic plan and this Budget are building a stronger economy and securing a better future for all Australians. This Budget and our economic plan are: Returning the budget to surplus Delivering more jobs Providing lower taxes Guaranteeing essential services like Medicare, schools, hospitals and roads

  • How the 2019 Federal Budget affects you

    The following links take you to that section of the 2019 Budget that affects you most.

  • The problem with getting to 53 years of age.

    Here's some food for thought and another reason why getting professional help from a financial planner is worth serious consideration.

  • Paying for health care in retirement

    In retirement, an Australian couple needs from $4,700 to $9,400 a year to pay for health care , according to the Association of Superannuation Funds of Australia, and the average cost of private health insurance rose 4.8 per cent in 2017, far outpacing inflation.

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