Welcome to our latest newsletter

We kick off our latest newsletter with an overview of how recent changes to super have impacted salary sacrifice and personal contributions for employees. And we take a look at key considerations for workers that operate in the 'Gig Economy'.

We outline some of the issues that SMSF members should be thinking about in preparation for retirement. And we provide insight into the different definitions insurers use for TPD (Total and Permanent Disability) cover.

We finish our latest newsletter with a reminder about the positive benefits different foods can have on our mood.

If you have any questions about any articles in this newsletter please contact us on 1300 895 311 or email ivan@ibaa.com.au.

Kind regards,

Ivan Bakin

Salary sacrifice vs personal contributions to super

Amongst the changes made to superannuation effective 1 July 2017 was the welcome and sensible move to give everyone who makes a personal contribution to super the option of claiming a tax deduction for it. Prior to this date, tax deductions on personal contributions could only be claimed by the “substantially self-employed”.

Thriving in the ‘Gig Economy’

If you’re a freelancer or contractor or maybe even a consultant then you’re part of the “gig economy”. Gone is the job for life, or even a job in the normal, employed meaning of the word. For you, work consists of short-term contracts or a series of one-off jobs.

Is your SMSF retirement-ready?

A landmark stage in the life of a self-managed super fund is when at least one of its members moves from the accumulation phase to retirement phase.

Making sure you have the right cover

The concept of Total and Permanent Disability (TPD) cover is simple. If you are ill or injured and unlikely to be able to work again, you get paid out under the policy. The difficulty has always been to define what is meant by “unlikely to be able to work again”.

Top 7 Foods That Boost Serotonin

Serotonin, also known as 5-HT, is a neurotransmitter released by the pineal gland of the brain. However, it has an effect on the entire body. Serotonin is best known for its positive effect on mood.

Ivan Bakin & Associates Pty Ltd
Corporate Authorised Representative (No. 285888) of

Aon Hewitt Financial Advice Limited
ABN 13 091 225 642 | AFSL no 239183

General Advice Warning This information may be regarded as general advice. That is, your personal objectives, needs or financial situations were not taken into account when preparing this information. Accordingly, you should consider the appropriateness of any general advice we have given you, having regard to your own objectives, financial situation and needs before acting on it. Where the information relates to a particular financial product, you should obtain and consider the relevant product disclosure statement before making any decision to purchase that financial product.

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1300 895 311

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