Sara Crevillen

Last week the Treasurer, Mr Wayne Swan, announced the government’s proposed reforms to superannuation ahead of the 2013 Federal Budget.  These reforms have the potential to adversely affect your retirement earnings. Increased tax on earnings  Superannuation funds (with members being paid a pension or annuity stream) would pay tax of 15% on the earnings greater [...]

  So were you a winner or a loser in last night’s budget? Who are the winners? • Low income families with school children benefit from the SchoolKids Bonus. • Small Business gains from loss carry-back provisions. From July 1 businesses will be able to write off $6,500 in new equipment. Businesses also can claim $5,000 [...]

  What to expect in tonight’s budget: $500 million for dental care for disadvantaged patients and those on the public waiting list. School Kids Bonus, which replaces the Education Tax Refund, giving parents cash payments of $820 if they have a child at high school and $410 for a child at primary school. The carry-back [...]