Embracing Retirement: A Smooth Transition into a New Chapter

Beginning the transition to retirement  Transitioning into retirement can be a challenging period. With a transition to retirement (TTR) strategy, you can confidently navigate the challenges of retirement planning. By implementing this strategy, you can transition smoothly into retirement while also maximising your super in a tax-effective manner. What is a transition to retirement income stream?  If you are currently employed and fall within the age bracket of 60-65, you…  Read more

Understanding the 2022 Superannuation Contribution Rules

In July 2022, a significant change was introduced to the superannuation landscape in Australia. Individuals over 65 no longer need to meet the ‘work test’ to voluntarily contribute to their superannuation. This change offers greater flexibility and presents new strategic opportunities for retirement planning. In this article, we will delve into the implications and opportunities of this change and provide insights for individuals and businesses to make the most of…  Read more

Time for a Payroll Health Check

  As we predicted with the introduction of GST, the ATO is focusing on ensuring employers are meeting their obligations to employees. As there have been a number of changes and in the light of increased scrutiny, we recommend that you conduct a review of your payroll processes. This includes but is not limited to the following.   1. Registered for Single Touch Payroll (STP) reporting Unless you have applied…  Read more