Recent changes have been made to some social service, family benefit and other entitlements, which we run through and explain. There are also changes looming for superannuation contribution caps (the good news here is that they are increasing).
And did you know that the basis to determine the costs of aged care accommodation is being given a shake-up? Read our summary of the impending transition from income tested cost determination to one that includes asset holdings, and what this change entails going forward.
We also touch upon the tax implications of marriage (including the implications of the main residence exemption for CGT and treatment of interest income from joint bank accounts). And if you are considering winding up your SMSF, we also spell out the steps necessary to make that happen.
Should you require more information regarding any topic touched upon in this newsletter, please feel free to contact our office for personal advice.
Click to download De Luca Partners Newsletter May 2014
Disclaimer: All information provided in this newsletter is of a general nature only and is not personal financial or investment advice. Also, changes in legislation may occur frequently. We recommend that our formal advice be obtained before acting on the basis of this information.