Monthly Archives: January 2020

The amount of income you can earn tax-free outside your SMSF contributions primarily depends on your age.   Residents Below 65 If you’re under 65, the tax-free threshold is $18,200. This means the first $18,200 you’ll receive won’t be taxed, saving you more money annually because your total taxable income has been reduced....

  You’re feeling generous, so you decided to give an asset to a family member as a gift. Before gifting assets that have enormous value, you must understand the impact the act can have on your Centrelink/DVA entitlements.   When you make a gift, the value of your assessable assets is reduced. This,...