Transition to Retirement Do you want to retire with a better future? Transition to Retirement (TTR) applies to individuals who are currently 55 or over. The TTR rules allow working Australians access to their Superannuation before they retire. This means that you can ease into retirement by reducing your hours and supplementing your...

Do I need Private Health Insurance? Generally, taxpayers whose taxable income exceeds around $17,000 (with some exceptions) are charged a Medicare Levy on their tax return equal to 1.5% of their taxable income. In addition, the Government charges an additional 1% levy (the Medicare Levy Surcharge) on taxpayers who do not have adequate Private...

Why am I paying quarterly tax instalments? PAYG (pay as you go) Instalments is a system for paying instalments towards your expected tax liability on your business and investment income for the current income year. Your actual tax liability is worked out when your annual income tax return is assessed. Your PAYG instalments for the year are credited...