This edition features pieces on:

Protecting your super from scams:
A look at the rise in superannuation scams, red flags to watch for (like high-pressure sales tactics and unsolicited “super health checks”), and practical steps to keep your super safe.

Family trusts – benefits and drawbacks:
An explanation of why family trusts can be useful for tax planning and asset protection, along with the key disadvantages, including complex rules, capital loss restrictions, and issues around distributions.

CGT retirement exemption for small business owners:
A breakdown of how the small business retirement exemption works, the lifetime $500,000 limit, and how business owners can use it to eliminate or reduce capital gains tax when selling a business or its assets.

Helping your kids buy their first home using super:
An overview of the First Home Super Saver Scheme (FHSSS), including contribution limits, how withdrawals work, and ways parents can help children maximise tax savings and grow a deposit faster.

Tax on redundancy payments:
A guide to how redundancy payouts are taxed, what qualifies as a “genuine redundancy,” how tax-free thresholds are calculated, and strategies to reduce tax using super contributions.

Car expense claims for electric vehicles:
Updated rules for claiming EV-related car costs, including the cents-per-kilometre method, logbook requirements, how to calculate electricity usage for EVs and PHEVs, and what records you must keep.