retirement Tags - Watkins Financial Services

The changes to superannuation announced in the 2016 Federal Budget have been passed by Parliament. Amongst those changes was the introduction of a $1.6 million transfer balance cap which limits the tax exemption for assets funding superannuation pensions. ThisContinue Reading...

$59,236 per year for a couple, $43,184 for a single retiree Once we retire, we have a fundamental problem – how do we go about providing our income needs? The Association of Superannuation Funds of Australia (ASFA) calculates that, for those aged around 65 yContinue Reading...

Introduction Last night the Federal Government handed down the Budget for the 2016-17 year that includes some of the biggest changes to the superannuation system since 1 July 2007. Some of the major announcements include: • changes to contributions caps, incContinue Reading...

Running a small business is tough. You put your heart and soul and many years of hard work into it, so you deserve to get the best reward when you sell. Selling a small business can also be very challenging, complicated and an uncertain time. So too can retiriContinue Reading...

The ATO has been granted a new set of powers, including the capacity to fine SMSF Trustees for compliance breaches.  Previously, when an SMSF contravened the super laws, the ATO had a limited range of options available to it to enforce compliance.  On 18 MarContinue Reading...

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