Category: Organised and in Control

2018 Federal Budget Brief

Here’s a roundup of some of the key proposals put forward in last night’s Federal Budget. We take a look at how they might affect your financial goals — whether you’re starting out in your working life, building a career, having a family, or moving toward or living in retirement. Remember, at this stage these […]

Five Tips to Help You with Cyber Security

What is happening? Last Friday 12th May, a global cyber-attack was launched that has to date infected hundreds of thousands of computers. The cyber-attack has impacted some high-profile victims, including high-profile targets such as UK Health, Renault, FedEx, and some Chinese universities. The attack initially starts by tricking a user to open an email containing […]

Federal Budget 2017

First home savers, downsizers and small business are the winners in Treasurer Scott Morrison’s second Budget – while taxpayers face an increase in the Medicare levy. Note: These changes are proposals only and may or may not be made law. Contributions from downsizing the home Date of effect: 1 July 2018 Individuals aged 65 or […]

2016 Federal Budget summary

The Federal Budget Analysis prepared by the MLC Technical team, part of GWM Adviser Services Limited, appears below. 3 May 2016 Treasurer Scott Morrison has handed down his first Federal Budget—the Coalition Government’s third. The winners are low and middle income earners and small business owners. There are significant changes to superannuation that could warrant further discussion with […]

Budget 2015

Personal income tax There were no changes to personal marginal tax rates for resident or non-resident taxpayers in this year’s Budget. However, the following changes in relation to personal income tax were announced: Motor vehicle expense deductions – The number of methods available for calculating tax deductions related to the business use of a motor […]

Superannuation Rule Changes Pass Parliament

While all the talk in this last sitting week of parliament before the September election has been on the Labor leadership, there have been other things going on in Canberra.  A number of the proposed changes to superannuation have passed into legislation and we have summarised these below. Higher concessional contributions cap The concessional contributions […]