life insurance Tags - Watkins Financial Services

As the 2015-2016 financial year draws to a close, there are a few very important tasks self-managed super funds (SMSFs) members and trustees need to take care of. Make your contributions on time Review your investment strategy Check you comply with in-house asContinue Reading...

1. Take an interest Most people under the age of 40 don’t take an active interest in their superannuation as they cannot touch it for a number of years. Therefore majority of people have their money invested in default superannuation options and have no ideaContinue Reading...

On 17 November 2014, the Australian Taxation Office (ATO) confirmed their stance that superannuation funds are unable to use cross-insurance arrangements. These types of strategies may have been used when trustees of a Self Managed Super Fund (SMSF) purchased Continue Reading...

Last week we discussed concessional contributions. This week we will address two insurance strategies to reduce tax. Income protection premiums are fully tax deductible at your marginal rate. Due to cash flow a lot of people pay their income protection premiumContinue Reading...

New regulations will be implemented from 1 July 2014, prohibiting someone from applying for insurance inside superannuation that does not meet the superannuation (SIS) conditions of release. What does this mean? Going forward you will not be able to fund TraumContinue Reading...

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