Planning your super contributions for tax time

With the end of financial year fast approaching, now is the time to review your contribution and pension strategy to ensure that all superannuation contributions are made and all pension amounts are withdrawn prior to 30 June 2017. Here’s what you need to know: CONTRIBUTIONS Concessional Contributions Concessional contributions are before-tax contributions that include both employer contributions (i.e. superannuation guarantee amounts and salary sacrificed amounts) and personal contributions for which…  Read more

Super opportunity for downsizers

After 1 July 2018, if you’re over 65 and sell your home, you can now put some of the money you receive into your super. How does it work? You can use the money from the sale of your house to make a ‘downsizer contribution’ to super of up to $300,000 or $600,000 for a couple. Who is eligible? You are eligible to take advantage of this scheme if you…  Read more

The 2018-2019 Federal Budget has been announced – so what does it mean for you?

On Tuesday 8 May 2018, the Federal Treasurer Mr Scott Morrison handed down the 2018-2019 budget. Whilst there was emphasis on bringing the budget back to surplus earlier than originally planned, as well as individual tax cuts, we have prepared a tax and superannuation brief to help break down all of the announcements and what they mean for you. If you have any questions about how the Federal Budget for…  Read more

First Home Super Saver Scheme (FHSSS) – A leg-up to home ownership for first home buyers?

It’s become a topic of daily conversation for many – the rising house prices in Australia and the impact on the first home buyer. Whether it’s discussed in the media, at a family bbq, or at the local café, it’s a conversation that many are having. As house prices continue to rise, so do the concerns for the younger generations of whether it is becoming simply unattainable to afford to…  Read more

Retirement is different for everyone

Today, with Australians living longer and healthier lives, the concept of retirement is very different to what it was only one generation ago. Not only that, but for each retiree, retirement is different. When planning your retirement, there are typically four areas that need to be considered. 1. Define your retirement vision Everyone has a different view of what retirement means and what their own retirement may look like. What’s…  Read more

Why should I contribute to Superannuation when it could all change?

This is such a common question we are hearing at the moment. “The government is always changing superannuation,” we hear people say. “It is one of my biggest concerns.” People are always uneasy about change and especially when it comes to their finances. Yes, the government has made changes to superannuation. And to a lot of people these seem to happen far too often. But the government knows it cannot…  Read more

Allan Hall Business Advisors wins three major awards

Allan Hall Business Advisors was extremely proud to win the major award of Best Accounting Firm in Australia and New Zealand and to be the overall winner of Best Professional Services Firm (revenue under $50 million) in the 2016 Financial Review Client Choice Awards. In 2017, our partner, Scott Somerville took out another major win in these awards, winning Most Client Focused Accountant in Australia and New Zealand.

Global alliance focussed on business excellence

Allan Hall is the Sydney member of Alliott Group, an award winning, growing, global alliance of 160+ accounting, law and consulting firms in 60+ countries.