In December last year, the Australian Government introduced changes to legacy pensions, giving retirees more control over their retirement savings. These changes impact various pensions, allowing pensioners to move to more flexible income options.
The superannuation sector is celebrating strong 2024 returns, with balanced funds achieving a median return of 11.5%, and TAG Financial Services outperforming with over 13% in its balanced portfolios. In this article, TAG Director Michelle Griffiths emphasises the importance of holistic financial strategies, offering tailored solutions for clarity, security, and long-term confidence beyond mere investment returns.
Our goal at TAG Financial Services is to always to keep you informed and empowered, offering the latest financial tips, strategies, and updates to help you navigate your financial journey with confidence. Here are our top five standout blogs of 2024.
Last week, the Victorian Government announced changes to probate fees that will take effect from 18 November 2024.
The $3m super cap tax passed the lower house late last week, after an overwhelming rejection of proposed amendment to the Division 296 tax.
When it comes to managing your money, one smart move stands out: making the most of your superannuation.
With another end of financial year almost in sight, it is prudent for trustees to start planning and attending to matters requiring attention prior to 30 June.
The Federal Treasurer, Dr Jim Chalmers, handed down the 2024–25 Federal Budget on 14 May 2024. The following provides the key points in relation to business, individuals and superannuation.
A major update to the small business superannuation clearing house (SBSCH) was introduced on 15 March 2024 that potentially impacts businesses being able to make superannuation guarantee contributions into SMSFs.
The government has announced that contribution caps will increase with effect from 1 July 2024. Read more in this article.
Your clients have worked hard throughout their lives and are now ready to retire – and it’s time to transition to a pension. There is a myriad of considerations that lie ‘under the iceberg’ that often get missed- it is vital that all areas are considered, to ensure your clients get the most out of their retirement.
In this article we have provided you with a checklist to help you get started on improving your finances in 2024.