Hi, I’m Elliot King, an Accountant, Superannuation and Retirement Strategy expert. I help people preparing for retirement make smart tax and financial decisions. This blog is where I share simple, practical tips and strategies to help you get the most out of your retirement.

I started my career as an Accountant working predominantly with small business and superannuation, Retirement Planning came later on through an interest in the complex nature of strategy and an ever changing policy environment.

Taxing away your retirement, fair or fair

Division 296 aims to make superannuation fairer and more sustainable by increasing taxes on very large balances, reducing benefits that mainly go to the wealthy.

However, it is criticised for taxing unrealised gains and not indexing the threshold, which could affect more people over time and weaken confidence in the system.

Reducing your Tax with a simple Re-contribution strategy

A recontribution strategy can reduce tax while working by re-contributing funds as concessional contributions and claiming a tax deduction, which lowers taxable income.

Lack of Diversification increases risk

A rapid rise in property values drives investors towards investing in property through super, but is this wise given the lack of diversification.