How Do I Consolidate My Superannuation?

At the most recent estimate in March, 2021, it was suggested that there’s approximately $13.8 billion of Australians’ hard-earned dollars out there in lost and unclaimed superannuation. Given that superannuation is one of, if not the most tax-efficient way that most Australians have to save for their retirement, this figure is certainly alarming for a

Franking Credits for Australian Expats

For many Australian expats living and working around the world, the Australian personal income and capital gains tax rates are not terribly missed. However, the system of dividend imputation and franking credits in Australia is certainly one of the more attractive elements of our tax system, however, we believe it’s often poorly understood. This week,

Proposed Superannuation Changes Explained

This week our team at Ally Wealth Management is examining the proposed changes to the superannuation contribution caps for the next financial year. Please note that these are just proposals at this stage and are subject to change prior to 1 July 2021. Proposed increase in the concessional contribution cap The concessional contribution, which is

How Can Australian Expats Find Their Lost Superannuation

Chances are if you’ve shifted jobs in Australia and not consolidated your superannuation, then part of the estimated $20+ billion in lost superannuation could be yours. If you have multiple superannuation accounts, this could mean that you’re paying unnecessary administrative fees, multiple insurance premiums and each of these items could negatively impact your future retirement

SMSF Tips & Traps for Australian Expats

Self-Managed Superannuation Funds (SMSFs) have been a popular structure for many Australians, however we’re often speaking with Australian expats wondering what to do with them now that they’re no longer residing in Australia. This is where it can start to get quite complicated, which is why this week we’re exploring the requirements for a Self-Managed

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