Insights
Lanteri Partners Group develops and implements tailored financial plans that create, build and protect your wealth.
We have achieved excellent outcomes for our clients for more than 29 years because we are lateral thinking, dedicated and experienced people. Our advice is driven by solutions not products and guided by the latest and most up to date information .
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March 2024 Newsletter
Contents
This edition features pieces on:
Stage 3 tax cuts – an opportunity for permanent tax savings
Capital gains tax concessions for small business owners
Briefing a barrister
Making extra super contributions
February 2024 Newsletter
Contents
This edition features pieces on:
Compensation - is it taxable?
Tax issues when dealing with volunteers
Collectibles and inherited jewellery
Using super to pay the mortgage
Returning to work after retirement
December 2023 Newsletter
This edition features pieces on:
Give yourself a super gift this Christmas
Lost or destroyed tax records? Don't panic!
Taken goods for private use?
Two main residences is possible
Don't ignore those tax debts - the ATO won't!
The taxation of super death benefits
Celebrating 30 years of Lanteri Partners
We sat down with Michael Lanteri, Managing Director, to hear about how the firm was created as well as aspirations for the years to come.
November 2023 Newsletter
This edition features pieces on:
Who can I nominate as my super beneficiary?
Who is a resident for tax purposes?
Introducing the energy incentive
Qualifying as an interdependent or financial dependant
How to nominate a superannuation beneficiary
October 2023 Newsletter
This edition features pieces on:
Personal Deductible Superannuation Contributions:
Overview: This article delves into the complexities surrounding the age-based rules and the work test for making deductible contributions to your superannuation fund.
Key Points: It covers the age brackets that are eligible for making contributions, the "work test" that individuals aged 67 to 74 must pass, and the annual caps on contributions.
Relevance: Understanding these rules is crucial for maximising your retirement savings while also taking advantage of tax benefits.
2023-24 Budget Client Newsletter
The federal budget, handed down last night, contained a number of tax, superannuation, and social security/cost of living proposals that may impact your clients.
April 2023 Newsletter
Not many people know that there is more than $16 billion in lost and unclaimed superannuation across Australia. This is an increase of $2.1 billion since the previous financial year. Lost super is superannuation money held by superannuation funds that people have lost touch with. You become a “lost member” and your superannuation becomes “lost” if you are: Uncontactable – the fund has lost contact with you and your account hasn’t received a contribution or rollover for at least 12 months or; Inactive – your account hasn’t received a contribution or rollover in the past five years. The good news is that finding lost or unclaimed super is easy, and can be done in a matter of minutes.
Financial Planning: Expert Considerations for Retirement
Retirement planning steps will change throughout our careers. If you’re in your mid-30s to mid-40s and accumulating wealth with a view to retirement, it’s a critical time to think about your strategy and how much you’ll need to retire comfortably. While you still have many years to build up your retirement funds, making the right decisions now will help you maximise what you’ll get when it’s time to retire. In this article we will take a closer look at important retirement wealth factors to consider if you are in your 30s or 40s.
March 2023 Newsletter
The ATO has finalised its new compliance guidance around the requirements for work-from-home deductions. The fixed rate method has now been revised. The revised method increases the claim from 52 cents to 67 cents per-hour. However, this rate now includes internet, phone, stationery and computer consumables. The record-keeping requirements under the revised fix rate method are now more onerous, also. You now need to keep a record of actual hours worked from home. The ATO will no longer accept estimates, or a four-week representative diary. This requirement is effective immediately (1 March).
November 2022 Newsletter
Have you applied for your director identification number? Time is running out to meet the 30 November 2022 deadline which applies to most directors. All existing directors of a company, registered Australian body, registered foreign company, or a director of corporate trustees of an SMSF are required to apply for a director ID. A director ID is a unique 15-digit identifier that all directors or people intending to become directors must apply for. It’s free to apply and you only need to apply once. A director must apply for their own director ID personally.
September 2022 Newsletter
Is your estate plan in order? Estate planning is ultimately about ensuring that you have the right mechanisms in place to ensure that, in the event of your death, your assets pass in the manner that you intend. The steps in the process involve identifying the assets in play – this could involve savings accounts, shares, collectibles, property, vehicles, superannuation, and more! – and then who owns them. Having done that, the next question is one that only you can answer: how do you want these assets distributed upon your death? An estate plan brings about this outcome.
How To Tackle Rate Rises
The consistent rise of interest rates has become a significant cause for concern for many home owners. Small rises of a fraction of a percent can equate to an increase in additional expenses per a month, for many, this can really stretch the budget to anxiety-bursting levels.
August 2022 Newsletter
With interest rates rapidly increasing, homeowners are being encouraged to look around for a better deal on their home loan. ASIC has recently released some tips if you are doing so. These include asking your existing lender for a better deal, negotiating the length of your new loan, factoring in the cost of possible lender mortgage insurance, comparing a range of accompanying fees and charges, and more.