The concessional contributions will rise as of July this year to $35,000 for those aged 50 and above and $30,000 for those aged under 50. For non-concessional contributions the limit will be set at $180,000 however there will also be the ability to contribute three times more with the ‘two-year bring-forward’ rule. This means for 2015 financial year the maximum non-concessional contributions will Continue Reading

The threshold for the first-home buyers grant will be raised to $750,000 in this month’s state budget reflecting the interest in Sydney’s real estate market. There has also been an announcement of 6600 new housing lots being released in Sydney’s northwest. Read more: Read article Continue Reading

A recent survey unveiled the concerning statistic and outlined that those who had a valid will would not be happy with the distribution of their estate if something was to happen.  Many younger people do not think they need a will due to having few assets however if they have superannuation it generally is accompanied with a death insurance policy that would become part of their estate. The Continue Reading

An article recently published in the Sydney Morning Herald discussed the division of property and assets in a Family Court dispute. It outlined the reality that many would be surprised to learn that all assets, including property acquired by partners after they separate would be taken into account in such a dispute. The couple known as Mr & Mrs Elgin were in the middle of a property Continue Reading