Federal Budget

Skills initiatives - Budget 2011

The investment in skills has four prongs. Firstly, the National Workforce Development Fund created to deliver an estimated 130,000 training places tailored to industry needs. Secondly the streamlining, and in some cases fast tracking, of Australian Apprenticeships so more of the 400,000 apprentices complete the qualification, including a tax free bonus for those who reach key milestones in their training.

Federal Budget

Boosting participation - Budget 2011

Reforms include changes to the Low Income Tax Offset (LITO) and the phasing out of the Dependent Spouse Tax Offset (DSTO) for those born on or after July 1, 1971, support for disadvantaged groups including those with a disability and the long-term unemployed, a targeting of those suffering from geographic disadvantage and an increase in the number of skilled permanent migrants by 16,300 places.

Federal Budget

Work bonus - Budget 2011

This is not news, but was delivered as such in the Budget press releases today. Starting 1 July the revised work Bonus will allow age pensioners (particularly those with seasonal or project work) to earn up to $250 a fortnight without having this assessed under the pension income test. ‘Unused’ work bonus amount can be ‘banked’ up to a maximum of $6500, and this credit can be carried forward and used to offset earnings which might otherwise have been considered assessable. This change suits senior santas and exam supervisors in particular.

Will you get a pension?

Claiming a UK pension

If you have paid National Insurance contributions in the UK then you may be entitled to a UK state pension. How do you make the claim from Australia?


Battle of the bulge

In early 2008 Australia gained the title of ‘fattest country in the world’… not the land… but the inhabitants. Read Drew’s report and recommendations for a healthier waistline.


Clarifying super rules

In July 2009, the Government implemented changes to superannuation concession contributions. With hefty tax implications for excessive contributions above the new levels, it’s important to understand how much salary you can sacrifice.


Salary sacrificing to superannuation

As of 1 July 2009, the Government implemented changes to superannuation concessions. If you’re still salary sacrificing into your superannuation fund, you need to make sure this is still the best way to maximise your super.


Find your super

With more than $13 billion in unclaimed super looking for a home, Australians are losing out. Find your superannuation now.


Self Managed Super Funds (SMSF)

Managing your own super is a big responsibility, so it’s important you make sure it’s the best option for you. Starting your own Self Managed Super Fund (SMSF) will require you to make some important decisions about how to run your fund and structure it.

Centrelink – Services Australia

Appealing Centrelink Decisions

The Social Security Appeals Tribunal is first level of external review of decisions made by Centrelink and can help you deal with any issues you may have with Centrelink decisions.

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