Employers who don’t pay super could face up to 12 months’ jail or court-ordered financial penalties.
Self-funded retirees could lose out on $5000 to $10,000 a year under Bill Shorten’s proposal to abolish refunds on franking credits.
If you are purchasing a residential property through your SMSF, you can’t live in it and neither can anyone related to you, even if they pay market rent.
Jimmy and his wife are worth more than $1.5 million. They ask Paul Clitheroe how they can offload assets in order to get the $1,348.40/fortnight aged pension.
Kevin has found a way to leave his super to his adult daughters without them being hit with a tax bill. So what does Paul Clitheroe think of the loophole?
Lots of shuffling of legal paperwork and a general air that a tax or investment scheme is “too good to be true”? It is.
Marion and her husband are nearing retirement age and he has no retirement savings. Should they use an inheritance to start a super fund for him?
Sandra is worried about retirement. What if the money runs out? She’s probably worrying for nothing, says Paul Clitheroe.