Australian master financial planning guide 2019/20.

Product Information
INCOME TAX
	CALCULATION OF INCOME TAX AND MEDICARE LEVY, INCLUDING TAXATION OF MINORS
	PAYMENT OF INCOME TAX AND COLLECTION SYSTEMS
	WITHHOLDING TAX ON DIVIDENDS, INTEREST AND ROYALTIES
	ASSESSABLE INCOME AND EXEMPT INCOME
	DEDUCTIONS
	TAX OFFSETS
	COMPANIES
	PARTNERSHIPS
	TRUSTS
	CROSS-BORDER ISSUES
	TAX AVOIDANCE
	RULINGS
	RETURNS, ASSESSMENTS AND REVIEW
	PENALTIES
CAPITAL GAINS TAX
	STEP 1: WHAT TRANSACTIONS ARE COVERED?
	STEP 2: WHAT IS THE CAPITAL GAIN OR LOSS?
	STEP 3: EXEMPTIONS, CONCESSIONS AND SPECIAL RULES
	STEP 4: ROLLING OVER/DEFERRING A CAPITAL GAIN OR LOSS
	STEP 5: CALCULATING THE TAX
	SUMMARY — CHECKLISTS
FRINGE BENEFITS TAX
	CALCULATING FBT
	FBT EXEMPTIONS AND CONCESSIONS
	FBT PLANNING
SUPERANNUATION
	SUPERANNUATION IN AUSTRALIA
	CONTRIBUTIONS TO SUPERANNUATION FUNDS
	TAXATION OF FUNDS AND RSA PROVIDERS
	WITHDRAWAL OF SUPERANNUATION BENEFITS
	SUPERANNUATION GUARANTEE SCHEME
	FOREIGN SUPERANNUATION FUNDS
SELF MANAGED SUPERANNUATION FUNDS
	ESTABLISHING AN SMSF
	FUND ACCOUNTS
	THE TRUST DEED, SISA AND INVESTMENTS
SOCIAL SECURITY
	CENTRELINK BENEFITS
	DEPARTMENT OF VETERANS’ AFFAIRS BENEFITS
	MEANS TESTS
	HOUSING IN RETIREMENT
	ASSESSMENT OF INVESTMENTS
	WAITING PERIODS
	STRATEGIES, TIPS AND TRAPS
LIFE AND PERSONAL RISK INSURANCE
	OVERVIEW OF LIFE INSURANCE
	THE IMPORTANCE OF LIFE INSURANCE
	THE PLAYERS IN LIFE INSURANCE
	TERM LIFE INSURANCE
	TOTAL AND PERMANENT DISABILITY INSURANCE (TPD)
	TRAUMA INSURANCE
	INCOME PROTECTION
	APPLYING FOR INSURANCE COVER
	SELECTING THE AMOUNT OF COVER REQUIRED
	INSURANCE FOR BUSINESSES
	KEY PERSON INSURANCE
	BUSINESS SUCCESSION PLANNING
	LIFE INSURANCE INSIDE SUPERANNUATION
	STEPPED VERSUS LEVEL PREMIUMS
	GROUP INSURANCE COVER
	CLAIMS PROCESS
	LIFE INSURANCE COMPLAINTS PROCESS
	LIFE INSURANCE FRAMEWORK AND REMUNERATION REFORMS
COMPLIANCE AND BEST PRACTICE FOR FINANCIAL ADVISERS
	THE FRAMEWORK OF COMPLIANCE
	BEST PRACTICE
	REGULATION OF FINANCIAL SERVICES
	ANTI-MONEY LAUNDERING AND COUNTER-TERRORISM FINANCING
	CONSUMER PROTECTION
	PRIVACY COMPLIANCE
	COMPLAINTS HANDLING
INVESTMENT
	CASH AND FIXED INTEREST
	EQUITIES
	PROPERTY
	SPECIALIST ASSETS
	INVESTMENT PRODUCTS
	PERFORMANCE MEASUREMENT
SALARY PACKAGING
	SALARY PACKAGING BASICS
	HOW THE TAX RULES WORK
	TAXABLE FRINGE BENEFITS
	EXCLUDED FRINGE BENEFITS
	EXEMPT FRINGE BENEFITS
	REDUCTIONS IN FBT
	CASE STUDIES
GEARING
	GEARING
	BORROWING
	OTHER FORMS OF GEARED INVESTMENTS
FAMILY HOME
	HOME OWNERSHIP
	TAX AND THE FAMILY HOME
	TAXES IMPOSED ON RESIDENT NON-OCCUPYING OWNERS
	DEDUCTIBILITY OF HOME EXPENDITURE
	TAXES ON FOREIGN RESIDENTS
	GST IMPLICATIONS
	GOVERNMENT GRANTS AND ASSISTANCE
	ACQUISITION/CONSTRUCTION OF FAMILY HOME
	FAMILY BREAKDOWN AND THE FAMILY HOME
	RENTING OUT THE HOME
	DISPOSAL
FINANCIAL PLANNING FOR THE FAMILY
	FINANCIAL GOALS
	DEBT MANAGEMENT STRATEGIES
	CHILD CARE
	INVESTING FOR CHILDREN’S EDUCATION
	GOVERNMENT ASSISTANCE FOR EDUCATION COSTS
	SAVING FOR CHILDREN
	TAXATION ISSUES RELATING TO THE INCOME OF CHILDREN
	GOVERNMENT ASSISTANCE
	CHILD SUPPORT
	ESTATE PLANNING
REDUNDANCY, EARLY RETIREMENT AND INVALIDITY
	TERMINATION OF EMPLOYMENT
	GENUINE REDUNDANCY AND EARLY RETIREMENT SCHEME
	INVALIDITY
	OTHER ISSUES REGARDING TERMINATION PAYMENTS
PLANNING TO RETIRE
	RETIREMENT
	WHY NOT SUPERANNUATION?
	CONTRIBUTING TO SUPERANNUATION
	CGT AND SMALL BUSINESS
	PRESERVATION
	OTHER PLANNING ISSUES
RETIREMENT INCOME STREAMS
	INCOME IN RETIREMENT
	TRANSFER BALANCE CAP AND STARTING AN INCOME STREAM
	INCOME STREAM TYPES
	RETIREMENT PORTFOLIO CONSTRUCTION
	MAXIMISING RETIREMENT INCOME — STRATEGIES
	TAXATION OF INCOME STREAMS
		COMPLYING INCOME STREAMS
	DEATH BENEFIT FROM INCOME STREAMS
RETIREMENT LIVING AND AGED CARE
	HOME CARE
	INDEPENDENT LIVING ARRANGEMENTS
	RESIDENTIAL AGED CARE
FINANCIAL AND ESTATE PLANNING ON FAMILY BREAKDOWN
	PROPERTY SETTLEMENT
	SUPERANNUATION AND FAMILY BREAKDOWN
	TAXATION AND FAMILY BREAKDOWN
	STAMP DUTY AND FAMILY BREAKDOWN
	LAND TAX AND FAMILY BREAKDOWN
	FAMILY TRUST ELECTIONS
	MAINTENANCE
	OTHER ISSUES
ESTATE PLANNING AND THE CONSEQUENCES OF DEATH
	ESTATE PLANNING
	WILLS
	CAPITAL GAINS TAX AND DECEASED ESTATES
	DISCRETIONARY WILL TRUSTS
	PLANNING OPPORTUNITIES OF DISCRETIONARY WILL TRUSTS
	RESTRICTED TRUSTS
	NON-ESTATE ASSETS
	FURTHER PLANNING OPPORTUNITIES
	POWERS OF ATTORNEY
	CONSEQUENCES OF DEATH
	DISTRIBUTING THE ASSETS
	TAX RULES THAT APPLY TO DIFFERENT TYPES OF ESTATE ASSETS
	RULES THAT APPLY TO DIFFERENT TYPES OF ENTITLEMENTS UNDER WILLS
	RULES THAT APPLY TO DIFFERENT TYPES OF BENEFICIARIES
	HOW DEATH AFFECTS A PERSON’S BUSINESS
	ESTATE INCOME AND TESTAMENTARY TRUSTS
	WHAT TAX RETURNS ARE NEEDED
	HOW DEATH AFFECTS OTHER TAXES AND BENEFITS
RATES AND TABLES
	INCOME TAX RATES
	EMPLOYMENT-RELATED PAYMENTS
	CAPITAL GAINS
	FRINGE BENEFITS
	PENSION TABLES
	INDEXATION
	PAYMENT OF SUPERANNUATION BENEFITS
	SUPERANNUATION CONTRIBUTIONS
	SUPERANNUATION GUARANTEE CHARGE
	SOCIAL SECURITY
ONLINE INVESTING
	INTRODUCTION
	ONLINE INVESTING RESOURCES
	FUNDAMENTAL RESEARCH
	TECHNICAL ANALYSIS
	NON-SHARE INVESTMENTS
	MANAGED FUNDS AND SUPERANNUATION
	TRACKING THE BUSINESS CYCLE ONLINE
	INTERNATIONAL INVESTING
	ADVANCED INVESTING
	EXCHANGE-TRADED PRODUCTS
	FINANCIAL PLANNING ONLINE
INDEX
	A
	B
	C
	D
	E
	F
	G
	H
	I
	J
	K
	L
	M
	N
	O
	P
	Q
	R
	S
	T
	U
	V
	W
	Y