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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Tax
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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Gavin Martin of Cornerstone Wealth answers the question: “I am 58 years old this year. I will cease full time work mid year and would like to access my superannuation balance of approximately $200k in order to pay off the mortgage on an investment property. What percentage could I withdraw as a lump sum?” Disclaimer [...]
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In this episode Gavin Martin, Financial Adviser / Financial Planner, explains the personal finance and superannuation announcements the Federal Government made as part of the Mid-Year Economic and Fiscal Outlook (MYEFO) that has been termed a Mini-Budget due to the range of cut backs. The discussion, includes: Extension of draw down relief for super pensions [...]
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