Tag: wealth management guide
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Expert Tips for Optimizing Superannuation Strategy Before EOFY
As the end of the financial year approaches, it’s essential to review your superannuation strategy. Linda Elkins, head of asset and wealth management at KPMG, advises those in the accumulation phase to consider increasing contributions. Utilize online tools provided by super funds to determine the optimal contribution amount for your retirement goals. RESET: How to…
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Labor’s Super Tax Proposal Sparks Intense Debate and Negotiations
Labor’s proposed super tax, initially announced by Jim Chalmers in February 2023, remains a contentious issue, despite not yet becoming law. The plan aims to increase taxes on individuals with super balances exceeding $3 million. This move is part of Labor’s strategy to address what they view as overly generous tax concessions within the superannuation…