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Articles by McKinley Plowman

Changes as From 6 April 2012 to UK Pension Transfers

June 25th, 2012

Legislation has now been passed by HM Revenue & Customs which change the QROPS rules for transferring UK pensions to Australia as from 6 April 2012. The changes are to try to stop UK residents from transferring their UK pension money to a QROPS pension scheme based in a foreign country with a liberal pensionread more

Warning – Review Your Super Contribution to Avoid Excess Tax Penalties

June 25th, 2012

Concessional superannuation contributions are employer contributions as part of the super guarantee or a salary sacrifice arrangement, or personal contributions for which you claim a tax deduction. There are limits on how much you are able to contribute as a concessional contribution. For this financial year the limits are $25,000 if under age 50 andread more

Tax Planning Pointers for Individual Tax Payers

June 25th, 2012

Zone Offset - record the number of days that you spend in Zone A or B, especially if you live in Zone B but spend some time in Zone A during the year. Private Health Insurance - from 1/7/12 the 30% private health insurance rebate will be income tested. High income earners should consider prepaying their privateread more

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