Why is an Enduring Power of Attorney essential?

We all recognize the need for a will when we begin to plan for our future and the future of our loved ones, however many of us do not realize that an Enduring Power of Attorney is just as important to have for during our lifetime. An Enduring Power of Attorney is a legal document that permits another individual to conduct the financial and business affairs for a person when they do not have capacity to make the decisions themselves. It differs from an general Power of Attorney which ceases when you lose capacity.

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Bring Forward Contributions

The ability to bring-forward future year entitlements to make non-concessional contributions has been in place for many years now. Prior

Understanding super terminology

An individual’s Transfer Balance Cap (TBC) and Total Superannuation Balance (TSB) are calculated differently and are separate concepts. When the

Excess Concessional Contributions

The concessional contribution cap is $30,000 from 1 July 2024. With the ability to carry forward unused concessional contributions over

Excess Non-Concessional Contributions

The non-concessional contributions cap is $120,000 from 1 July 2024, however the ability to contribute to super is dependent on

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