Acorn Financial Group | Consultation agency

Acorn Financial Group

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24.01.2022 RBA announces rates are on hold pending the May budget.

18.01.2022 Who needs Hollywood when you have the Don...

17.01.2022 Did you make the top 10?

17.01.2022 With great power comes great responsibility!!

14.01.2022 $100B in cash... wow wee!!

10.01.2022 The Federal Government's modified Superannuation reforms will apply from 1 July 2017. Here are five points you need to consider before month end. 1. Review You Contributions The 2016/2017 financial year will be the last opportunity for individuals to utilise the higher contributions limits. You may want to consider making or increasing your contributions to the following limits:... concessional contribution limit of $30,000 / $35,000 non-concessional contribution limits of $540,000 2. Undertake Tax Planning Individuals with pension account balances above the proposed $1.6 million cap will need to consider the actions they wish to take, if any, prior to 30 June 2017. It is important to understand the impact the changes will have on a Fund in conjunction with personal circumstances We recommend ensuring minimum pension payments are met for the current year. Consider additional lump sum payments if required. 3. Consider Resetting Cost Base(s) We suggest reviewing transitional CGT relief rules in conjunction with the cost base of Fund assets as at 30 June 2017 (this is only applicable to balances over $1.6m and TRIS pensions). Note, election is not due until time of lodgement of the tax return. 4. Do You Have TRIS? TRIS's may no longer be worthwhile for some individuals as the pension exemption on associated earnings is removed from 1 July 2017. It is therefore important to review whether to continue current TRIS arrangements or revert to accumulation mode. 5. Take Advantage of Small Business Concessions The small business CGT cap and various concessions still continue to apply. They provide a significant opportunity for eligible individuals to contribute additional amounts into their super beyond the standard contribution caps. With less than 2 weeks left in the month, call our office on 03 96504577.

04.01.2022 Is this the end of monetary easing??

04.01.2022 The real numbers don't lie!!