Charter Partners

Blog

News & Articles on Finance & Business, Accounting, Taxation, SMSF & more

Superannuation Written On Sticky Note — Charter Partners in Gympie, QLD

How the Federal Budget is affecting women’s superannuation?

Last month we saw the Australian Government announce the 2021-22 Federal Budget, and along with many positive initiatives to take place, women’s issues were at the forefront for changes. Out of the $3.4 billion package of new measures taking place from the budget, The Australian Government committed $1.9 billion to support women’s security. The main three areas released were reforms on: Women’s safety Women’s economic security Women’s health and wellbeing The Women’s Budget Statement said: “When women are safe, economically

Read More »
retirement taxation

5 Things To Not Forget When Planning Your Retirement

Planning for your retirement might seem like an overwhelming task, and even a pointless one if you’re thinking 20-30 years down the track, but it could be the biggest and most important plan you’ve ever made. While retirement is an exciting time and something you may have been looking forward to your whole life, you may not be as comfortable as you think if you haven’t made a solid plan. Here are some items to add to your retirement checklist

Read More »
SMSF Investing In Unit Trusts - Charter Partners In Brisbane

SMSF Unit Trust Investments

A brief overview of the ways an SMSF may utilise the popular investment vehicle the unit trust to invest and hold the assets of the fund. Here is the Charter Partners take on a recent article by Dan Butler (DBA Lawyers) recently published in Self Managed Super Magazine (full article see https://smsmagazine.com.au/news/2019/08/05/smsf-investments-via-unit-trusts/ ).Table of Contents Unit Trust – Introduction Closely Held Unit Trusts SMSF ‘In-house Assets’: Restrictions for Related Unit Trusts Non-geared Unit Trust Unrelated Unit Trust Other Considerations Conclusion

Read More »
Man Playing Chess

Is It Time to Review your Superannuation Strategy?

Superannuation is one of those things many of us tend to “set and forget”. However, staying up to date each year with budgetary, market and industry trends and changes is imperative if you want to maximise the return on your super in the long-run. With the 2016 budget reforms to superannuation starting to come into effect this financial year, on top of the changes announced by the ATO in 2017, now is the ideal time to review your super. Looking

Read More »
SMSF changes by Bill Shorten

How Labor’s Proposed Reforms to the Imputation System May Affect Your Self-managed Super Fund

A Self-managed superfund (SMSF) is hard work, but it provides you with freedom and control when it comes to your retirement savings. You’ve paid your taxes throughout your career and are looking forward to luxurious adventures in the work-free decades ahead. However, under Labor’s proposed reforms to the imputation system, a portion of that retirement revenue could be under threat. Labor’s proposed reforms would mean that some self-directed investors who currently claim a cash refund on unused imputation credits will

Read More »

Just Starting Work? Take Your Superannuation Seriously

To young people who have just entered the workforce, the prospect of setting aside part of their income for retirement is usually the furthest thing from their minds. After years of financial dependency, they can finally make their own decisions. Buying a reliable vehicle, the latest fashions and electronic devices, socialising with friends and saving for holidays are their current priorities. It is usually not until they are completing employment forms that they think about superannuation, and often because an

Read More »