Superannuation

Changes to Single Touch Payroll Now in Effect

Written by Evelyn Christian, Director - Edney Ryan Chartered Accountants

Mandatory Single Touch Payroll (STP) reporting for all Australian business owners commenced from July 1 of this year. While STP reporting for businesses with 20 or more employees has been in effect for over a year, from July 1st businesses that employ 19 or less employees also need to report via STP. While the way employees are paid won’t change,... Read more

We’ve just published our latest Tax and Super Quick Reference Guide. If you’d like to receive a copy, please provide your mailing address to marketing@edneyryan.com.au.  

What’s New With Super – An Update on Recent Changes

Written by Kate O'Brien, Managing Director - Edney Ryan Wealth Management

The new financial year has heralded some big changes to superannuation legislation. New laws include several measures designed to better protect your retirement savings, so they aren’t eroded by fees and insurance premiums. They also include some significant opportunities for those in early retirement. To help you better understand what this means for your retirement savings, we’ve outlined some of... Read more

By Shane Oliver, Head of Investment Strategy & Chief Economist from Oliver’s Insights, AMP Capital, 27 March 2018 Key points Australian growth is likely to be weak over the next year or so and this will prompt further monetary easing and fiscal stimulus. However, several positives suggest recession is unlikely: the current account deficit has collapsed; the $A helps stabilise... Read more

  Edney Ryan Wealth Management has been named Hillross Advisory Firm of the Year for 2018. This national award recognises the firm which has demonstrated the highest standards of professionalism, operational excellence, superior client service, advice delivery and implementation. Independent client research through the Beddoes Institute was instrumental in deciding the award winner, as was a demonstrated commitment to excellence in... Read more

The Rules to Investing During Times of Uncertainty

Written by Kate O'Brien, Managing Director - Edney Ryan Wealth Management

In a recent edition of Oliver’s Insights, Dr Shane Oliver outlined his top tips for investing during times of uncertainty. Given the rough and tumble of today’s economic climate, we thought it was worth taking a look at these tips to see how they affect our own Wealth Management clients. 1. Use the Power of Compound Interest Consider this: One... Read more

Changes to Single Touch Payroll

Written by Matthew Stewart, Director - Edney Ryan Chartered Accountants

In February, the Federal Government passed legislation to extend Single Touch Payroll reporting to include all small employers (those with 19 employees or less). What Is Single Touch Payroll? Single Touch Payroll (STP or One Touch Payroll) is an ATO initiative that encourages more frequent salary reporting. Through this initiative, employers will report: Payments (salaries and wages) PAYG withholdings; and... Read more

The 2019 Federal Budget and the Government’s Great Irony

Written by Stephen Ryan, Managing Director - Edney Ryan Chartered Accountants

There’s never been a budget delivered as close to a Federal Election as that presented last night by Treasurer Frydenberg. Credit where its due – the nation is forecast to return a budget surplus for the first time in more than twelve years. The government’s sound economic management has the nation back in the black (with recent help from the strengthening... Read more

Superannuation – It’s Never Too Late to Take Control

Written by Kate O'Brien, Director - Edney Ryan Wealth Management

Despite almost 30 years of compulsory super contributions in Australia, reports show women are retiring with 40 percent less superannuation than men. Currently, the average superannuation balance for a man (aged 60 to 64) is $270,710. For a woman of the same age it’s $157,050 – a difference of $113,660. There are several reasons for this. Women Take More Time... Read more

Homeowners aged 65 years or over are now able to downsize their family home and invest the surplus into the tax effective environment of superannuation. The sale of the property must be from 1 July 2018 and the property must have been owned for at least 10 years and be the principal place of residence (hence eligible for the main... Read more