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Is Long Service Leave Paid Out On Redundancy in WA?

Long Service Leave (LSL) is one of eleven National Employment Standards (NES). These are the minimum entitlements that must be provided to employees working in Australia. The NES covers employees who belong to the national workplace relations system. This is true regardless of registered agreement, employment contract, or award. So, is long service leave paid

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Do Retirees Pay Capital Gains Tax in Australia?

In the sunset years of our lives, most of us would prefer to indulge in the fruits of our labour. Often this means selling off assets we’ve invested in over our working years, whether the profits are put towards day-to-day living costs or taking a camper van tour around Australia. However, selling assets for a

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Can an SMSF Buy Vacant Land in Australia?

Self-Managed Super Funds (SMSF) give individuals more control and flexibility over investment decisions. If you are already a trustee of an SMSF, you may have considered investing in real estate or property to diversify your assets, which leads us to the question — can a self-managed super fund buy vacant land in Australia? Yes, an

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Changes to Superannuation Work Test Age -WealthVisory Private Clients

CHANGES TO SUPERANNUATION WORK TEST AGE

Technical resource Increasing the age at which the superannuation work test applies from 65 to 67, from 1 July 2020, provides an additional opportunity to implement voluntary super contribution strategies. The 2019 Federal Budget contained a number of proposed changes to superannuation in order to provide individuals with more flexibility around planning for their retirement,

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From left to right, Matthew Rutter, Aaron Colley and Ryan Pettit

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