RSM Australia

Insights for Individuals

Insights for individuals

Downsizing to improve your income in retirement

4 November 2019
Have you worked hard your whole life, but feel like you have not accumulated enough to fund your retirement? Well, downsizing could be the solution for you.

Downsizer Contributions - your choice of super fund matters

29 October 2019
You’re thinking about moving home and expect to have some remaining funds after the move. You know about the downsizer contribution rule, you’ve read a few articles and you’re ready to go. Before you go any further, here's a few questions you might not have thought about.

Downsizer Contributions impact on the Age Pension

11 October 2019
By making downsizer contributions, it’s important to be aware of the impact this may have on your Centrelink entitlements such as the age pension or for self-funded retirees, the benefits under the Commonwealth Seniors Health Card (CSHC).

What happens to property you may own in the event of your death?

9 October 2019
You know the saying, there are two certainties in life: death and taxes and I'm going to be covering both of those. This article highlights what happens to property you may own or control on your death. 

Leaders and their Legends | Jess Olivier

9 October 2019
Based in Sydney, Jess Olivier is a director of the Tax Services division specialising in R&D tax. Jess is also a busy mum to Ted and Elsie Olivier. 

Understanding the new and improved downsizer contributions rules

8 October 2019
A variety of factors come into play when determining if you should downsize the family home.

Superannuation Legislation for High Income Earners

4 October 2019
The Government has passed superannuation legislation for high income earners (with income exceeding $263,157 per annum) which allows employees with more than one job to choose not to have the 9.5% superannuation guarantee paid by all their employers.

Who needs insurance more - Raj or Wonder Woman?

9 September 2019
Coming from different walks of life, when it comes to lifestyle protection, would Big Bang Theory’s Raj or Wonder Woman need insurance more? 

Super members and trustees - are you ready for 30 June 2018?

14 June 2018
With the new financial year almost upon us, are you ready for it?  Self-managed superannuation fund (SMSF) trustees have some critical reporting dates coming up. The first of these occurs on 30 June 2018 and thereafter quarterly reporting kicks in. 

ATO's final position on SMSF pension reporting requirements

9 November 2017
With the introduction of the new $1.6m Transfer Balance Cap or limit on pensions, from 1 July 2017, the ATO and self-managed superannuation fund (SMSF) industry have been in discussions about the reporting requirements to the ATO.

Downsizer contributions

10 August 2017
The 2017 federal budget was a quiet one for superannuation with no substantial reforms or tinkering with the system. One reform announced was the ability for amounts to be contributed to superannuation over and above the current limits where individuals are downsizing their primary residence. 

Choosing capital gains tax relief

10 August 2017
A key component of the Fairer Super reforms is the ability for superannuation funds impacted by the reforms to revalue their assets to their current market value for taxation purposes.

Superannuation - there can be traps for the unwary

25 July 2017
In the lead up to 30 June no doubt cash flows and taxation projections were a focus for many SME owners.  One of your plans could have been to contribute a sum of cash into superannuation and claim a tax deduction. 

Superannuation Changes - Your questions and our answers | Part 2

2 March 2017
Following on from Part one of Superannuation Changes -  Your questions and our answers, below we explore some other key questions regarding Capital Gains Tax Relief, Estate Planning and Contribution Issues.  

Superannuation Changes - Your questions and our answers | Part 1

2 March 2017
Below we explore some of the most common questions our team has been asked about the upcoming changes. Part one hones in on concerns around the Transfer Balance Caps.Part Two examines other key areas.

The five new rules of super

6 December 2016
Following extensive debate and conjecture, the 2016 Budget announcements making widespread changes to the superannuation system have been passed. Learn more about the five new super rules...

Budget 2016 for Superannuation

4 May 2016
The Government took a hard, and potentially unpopular line on superannuation tax concessions in the 2016/17 Budget, with changes including:

Budget 2016 - Summary of tax rates and thresholds for individuals

4 May 2016
Resident taxpayers The current 2015/16 tax rates (including the 2% temporary budget deficit levy, but excluding the 2% Medicare levy) are: 2015/16 Income Year

Budget 2016 for Individuals

3 May 2016
Key announcements There are very few Budget measures impacting on personal income taxes for individual taxpayers and families.  The key change for individuals is an increase to the threshold at which the 37% marginal tax rate for individuals commences.

Instinctive leadership - how to improve your management style

3 March 2016
Have you ever wondered who you are, where you get your sense of self from? The answer is your unconscious self, and it may surprise you to learn that we’re largely unconscious beings. That all runs well most of the time, and is especially helpful when high speed physical responses are needed.