Ursula Boorman


April 30, 2018

End of Financial Year Preparations

As 30 June looms ahead, it is timely that we turn our mind to tax planning and other end of financial year considerations. Firstly, be mindful of the correct timing of superannuation contributions. Every year we hear stories of people who made contributions to super, only to find out – too late – their contribution wasn’t made in time. As 30 June falls on a Saturday this year, planning ahead is especially important. Where possible, make your super contributions early so there is plenty of time for it to be received. You would think that in this modern age of […]
April 30, 2018

Steps towards Financial Independence for Women

With so much in the news about the gender pay gap it’s timely for women to look to the future and plan ahead. Australia’s national gender pay gap is 15.3% (Workplace Gender Equality Agency) and 34% of women over 60 are living in poverty (Monash University). Coupled with the fact that women often take career breaks to raise children and care for elderly parents – it’s easy to see how many women don’t have enough super to fund their retirement. Women often live longer than men which means they need to make less money go further. Direct Advisers recommend a […]
March 21, 2018

The popular choice for new SMSFs: A corporate trustee

A fundamental question for intending SMSF members is whether to have a corporate trustee or individual trustees for their new fund. More than 80 per cent of new SMSFs established in 2016-17 had a corporate trustee whereas 57 per cent of all SMSFs had a corporate trustee as at June last year, according to the latest tax office data. Individual trustee arrangements – with all members individually being trustees – are typically less costly and simpler to put in place when a fund is being setup. Yet a corporate trustee potentially provides greater flexibility for the future. These tax office statistics […]