Budget bonus for first homebuyers

Mark Schneider | 23/06/2017 1:06:52 PM

This year's federal budget contained some good news for hard-pressed people saving up to buy their first home. First homebuyers will welcome the fact that they can now put part of their pre-tax income into their superannuation fund where it can go towards a deposit for a home. From July 1 2017 individuals can put a total of $30,000 into their super fund, or up to $15,000 per year. Couples can put up to $60,000 into super. From there they get the benefits of growing that ...

Are you eligible for salary sacrificing?

Mark Schneider | 8/06/2017 1:24:32 PM

If you think you've got better things to do with your weekly pay than giving large chunks of it away to the taxman then there's a simple strategy to reduce your tax and hang onto more of your hard-earned. It's called salary sacrificing, salary packaging or total remuneration packaging. In simple terms you arrange for your employer to pay some of your household bills for you out of your pre-tax income. That reduces your taxable income and the dollars the taxman can get his hand...