Wealth Creation - Page 4 of 4 - Oracle Partners Accountants & Advisors Bondi Junction, Sydney

Jan 01

Investing for the long haul

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Wealth Creation

Investment bonds are a practical investment option for those who earn a high income and seek long term tax efficiencies Investment bonds, also known as tax-paid, insurance or growth bonds, work similarly to a managed fund, except they are combined with an insurance policy. There is a ten year rule which allows tax free earnings […]
Jan 01

Transition to retirement changes

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Wealth Creation

With the Federal Government’s proposed changes to the transition to retirement (TTR) pension to take effect from 1 July 2017, those with existing arrangements should review them to avoid impact on their retirement funds. Following changes in the 2016 Federal Budget, from 1 July 2017, transition to retirement (TTR) pensions will no longer receive a tax-free […]
Jan 01

Using the re-contribution strategy

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Wealth Creation

The re-contribution strategy can be utilised to reduce the taxable portion of your superannuation benefits passed onto your beneficiaries following the death of an SMSF member. Superannuation benefits in an SMSF are categorised into tax-free and taxable components. A re-contribution strategy works by withdrawing a large sum of superannuation from a member’s fund and a re-contribution of […]
Jan 01

ATO lists tax traps

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Wealth Creation

The Australian Tax Office (ATO) often focuses on specific behaviours, characteristics and tax issues that are suspicious and can lead to investigations. Due to enhancements in technology, the ATO has expanded its data matching capabilities which have improved the ability to identify incorrect reporting in tax returns. The ATO has released a list of behaviours and […]
Jan 01

Refreshing your finances for 2016

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Wealth Creation

Even though managing your financial affairs should be a year- round activity, the start of a new year is a perfect opportunity to get your financial house in order. A fresh new year is a great point in time to start planning out and monitoring your financial and tax affairs for the year ahead. Even though individuals […]
Jan 01

Asset allocation in super funds

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Wealth Creation

Asset allocation is designed to balance risk and return in a super fund portfolio by adjusting how much the fund invests in different assets based on risk tolerance, goals and investment time frame. The way in which an individual chooses to allocate their super to different asset classes is one of the most important investment […]
Jan 01

Reverse Mortgages

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Wealth Creation

Even though reverse mortgages can help fund a comfortable retirement, retirees should consider all aspects of this potentially life- changing financial decision. A financial dilemma that is increasingly being shared by Australia’s ageing baby boomer generation is finding a way to fund a comfortable retirement lifestyle, without having to sell the family home. One solution is […]
Jan 01

Implications for short-term rentals

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Accounting & Tax, Wealth Creation

Airbnb and other popular short-term accommodation services, can be a great way to generate some extra income, however, hosts need to be aware of their obligations and rising legal and regulatory issues. Before creating an Airbnb listing, or renting out your home to short-term tenants, it’s important to do your research, there may be certain […]
Jan 01

Succession planning for family businesses

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Wealth Creation

Developing a sound succession plan can be a tricky process, especially for business owners looking to handover the business to family members. A succession plan will help to determine your business’ capital value, worth and market price to ensure a smooth transition out of your business. Early planning can help to maximise the value of […]
Jan 01

What to consider before signing a personal guarantee

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Wealth Creation

Personal guarantees are a standard business practice in commercial transactions, however, they are often misunderstood and can pose significant risks. A personal guarantee is an agreement of one party to answer for the debt, default or miscarriage of another. Director guarantees are a common type of guarantee, where the director of a company receives a […]