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Which Should You Pay Off First: Your Rental Property or Primary Residence?

Investing in rental property is an excellent way to earn passive income. It can provide a steady cash flow to pay for the property itself and make a little bit of monthly profit for savings and other wants. After renting out property for years, you might even have enough to pay off the mortgage of …

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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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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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