We are pleased to present below all posts archived in 'June 2012'. If you still can't find what you are looking for, try using the search box.
Whether it is a contribution for which a tax deduction (concessional contribution) is claimed or one that is sourced from after tax money (non concessional) everyone should by now be aware that super contributions are limited by contribution caps.
They should also be aware that the caps apply on a financial year basis, and that if amounts exceed the relevant cap, they will be classified as excess contributions and penalty tax will be charged. Given that the financial year ends on Saturday, anyone with SMSF who wishes to make a last minute contribution will need to get cracking to make sure a record of the fund contribution appears in the fund bank account by Friday 29th June 2012.
This section of the briefing provides a snapshot of key economic data and issues with a focus on Australia.Australian exceptionalism and the 2011 Census.
Australia is a handful of days away from a magic milestone: this coming Sunday will mark the 21st birthday of Australia’s current economic expansion. That is a remarkable achievement. By the way, so are this nation’s low unemployment, inflation and interest rates. Yet, as the Reserve Bank Governor recently pointed out, Australia’s glass is more than half full – even if many people don’t see it that way.
Virgin Money Flyer Card - 0% for 8 Months Balance Transfer Click HERE