New T+2 days for ASX settlements

  Changes from 7 March 2016 by the Australian Stock Exchange (ASX) will reduce the current settlement period from 3 days to 2 days.  This means settlements that trade will be required to occur two business days after the day a trade takes place. This settlement period will be called T+2 (trade date plus 2 business…

The Power of Franking Credits

An individual making concessional contributions (e.g. 9% SGC, salary sacrifice, or self-employed) into a superannuation fund is subject to income tax on these contributions at a maximum tax rate of 15%.  With a self managed superannuation fund (“SMSF”), it presents clients with the opportunity to reduce this level of contributions tax by utilising excess tax…