The Treasury Laws Amendment (Protecting Your Superannuation Package) Act 2019, received assent on 14th March 2019 and the legislative changes contained therein will take effect from 1st July 2019.
Here are some of the key changes that you may be affected by:
“Simple can be harder than complex: You have to work hard to get your thinking clean to make it simple. But it’s worth it in the end because once you get there, you can move mountains.” Steve Jobs
With an election year coming up, the media is rife with speculation around proposed changes to tax law and superannuation. The Federal Government is planning to announce their policy in the May Budget. Certainly superannuation is in the sights of both parties, and as you would know Capital Gains Tax on property is part of the opposition’s policy.
When it comes to life insurance, it’s not as straight forward as you might think. As with many things in life, you tend to get what you pay for. For some, Group Life insurance offers the benefit of providing some level of cover at a relatively cheap cost. But what are you forgoing for the cost saving?
The one concept that will help you to feel better about your wealth.
“If you can’t explain it to a six year old, you don’t understand it yourself.”
Albert Einstein
