Gavin Martin, financial adviser and Managing Director of Cornerstone Wealth discusses the 2012 may Federal Budger with Neil Johnson of the Vision Radio 20Twenty program.
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Superannuation
You may be entitled to a tax offset of up to $540 (maximum) each financial year if: you make a super contribution to your spouses super of $3,000 for maximum benefit you did not claim a tax deduction for the contributions you and your spouse are both Australian residents the contribution is made to a [...]
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The Government has announced that pension payment relief will be available for the 2012/2013 year as well as for the 2011/2012 financial year. See the table below for actual figures. The minimum pension payments will return to normal from the 2013/2014 financial year. Minimum annual pension (income stream) payments Regular Percentage factors Temporary relief 2011/2012 [...]
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