Monthly Archives: April 2012

Beware of the super contributions tax

Last time we talked about the caps that apply to superannuation contributions. This week we’ll have a look at the implications if the caps are exceeded. The ATO will impose a penalty known as excess contributions tax if you exceed either the concessional or non-concessional caps in a given financial year. For concessional contributions, every […]

Posted in News Blog, Tax | Comments closed

An update on superannuation contribution limits

There are two ways in which you can contribute to your superannuation fund – via concessional or non-concessional contributions. Concessional contributions are included in the assessable income of your fund and include employer contributions (i.e. 9% super guarantee and salary sacrificed amounts) and amounts for which you are eligible to claim a tax deduction for. […]

Posted in News Blog, Superannuation | Comments closed

Terminal illness: Why you need financial advice

Being diagnosed with a terminal illness is one of the most traumatic events you could ever go through. In many cases it’s also completely unexpected, so with the exception of existing insurance policies such as income protection, life insurance and trauma cover, you won’t have planned for it. Obtaining financial advice during this difficult, emotionally-challenging […]

Posted in Financial Advice, News Blog | Comments closed
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    Financial Planning Expert is an independent financial planning business based in Melbourne. We provide genuinely independent and conflict free financial advice. We’re experts in self-managed superannuation fund (SMSFs) advice and strategy, retirement planning, property and share investment advice, life and income protection insurance, tax planning, asset protection, estate planning and advice for Australian expatriates.