Two brothers – Paul Issa and Phillip Issa – fronted court in Sydney recently, both facing criminal charges after allegedly accessing the personal banking details of Prime Minister Anthony Albanese. The younger brother, 21-year-old Paul, was a graduate employee of consulting firm EY and on secondment to the Commonwealth Bank of Australia at the time … Read more
How self-managed super funds (SMSFs) are taxed, what is assessable income, and what are allowable deductions. Tax on income Self-managed super funds (SMSFs) must pay tax on their assessable income. The most common types of assessable income are: assessable contributions net capital gains interest dividends rent. A complying superannuation fund that follows the laws and … Read more
Picking an investment strategy depends on your life stage, income needs and tax factors When considering a strategy for investing in shares, a good question to consider is do you prefer generating steady income, or pursuing long-term growth? Your answer will more than likely determine whether you focus on dividends or growth, two different approaches … Read more
