Insights
Lanteri Partners Group develops and implements tailored financial plans that create, build and protect your wealth.
We have achieved excellent outcomes for our clients for more than 30 years because we are lateral thinking, dedicated and experienced people. Our advice is driven by solutions not products and guided by the latest and most up to date information .
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2023-24 Budget Client Newsletter
The federal budget, handed down last night, contained a number of tax, superannuation, and social security/cost of living proposals that may impact your clients.
April 2023 Newsletter
Not many people know that there is more than $16 billion in lost and unclaimed superannuation across Australia. This is an increase of $2.1 billion since the previous financial year. Lost super is superannuation money held by superannuation funds that people have lost touch with. You become a “lost member” and your superannuation becomes “lost” if you are: Uncontactable – the fund has lost contact with you and your account hasn’t received a contribution or rollover for at least 12 months or; Inactive – your account hasn’t received a contribution or rollover in the past five years. The good news is that finding lost or unclaimed super is easy, and can be done in a matter of minutes.
Financial Planning: Expert Considerations for Retirement
Retirement planning steps will change throughout our careers. If you’re in your mid-30s to mid-40s and accumulating wealth with a view to retirement, it’s a critical time to think about your strategy and how much you’ll need to retire comfortably. While you still have many years to build up your retirement funds, making the right decisions now will help you maximise what you’ll get when it’s time to retire. In this article we will take a closer look at important retirement wealth factors to consider if you are in your 30s or 40s.
March 2023 Newsletter
The ATO has finalised its new compliance guidance around the requirements for work-from-home deductions. The fixed rate method has now been revised. The revised method increases the claim from 52 cents to 67 cents per-hour. However, this rate now includes internet, phone, stationery and computer consumables. The record-keeping requirements under the revised fix rate method are now more onerous, also. You now need to keep a record of actual hours worked from home. The ATO will no longer accept estimates, or a four-week representative diary. This requirement is effective immediately (1 March).
November 2022 Newsletter
Have you applied for your director identification number? Time is running out to meet the 30 November 2022 deadline which applies to most directors. All existing directors of a company, registered Australian body, registered foreign company, or a director of corporate trustees of an SMSF are required to apply for a director ID. A director ID is a unique 15-digit identifier that all directors or people intending to become directors must apply for. It’s free to apply and you only need to apply once. A director must apply for their own director ID personally.
September 2022 Newsletter
Is your estate plan in order? Estate planning is ultimately about ensuring that you have the right mechanisms in place to ensure that, in the event of your death, your assets pass in the manner that you intend. The steps in the process involve identifying the assets in play – this could involve savings accounts, shares, collectibles, property, vehicles, superannuation, and more! – and then who owns them. Having done that, the next question is one that only you can answer: how do you want these assets distributed upon your death? An estate plan brings about this outcome.
How To Tackle Rate Rises
The consistent rise of interest rates has become a significant cause for concern for many home owners. Small rises of a fraction of a percent can equate to an increase in additional expenses per a month, for many, this can really stretch the budget to anxiety-bursting levels.
August 2022 Newsletter
With interest rates rapidly increasing, homeowners are being encouraged to look around for a better deal on their home loan. ASIC has recently released some tips if you are doing so. These include asking your existing lender for a better deal, negotiating the length of your new loan, factoring in the cost of possible lender mortgage insurance, comparing a range of accompanying fees and charges, and more.
July 2022 Newsletter
During the pandemic, the ATO deliberately shifted its focus away from firmer debt collection action to help and assist businesses and the community experiencing financial challenges because of the pandemic.
Little “Top Tips” to Help Build Wealth and Secure Your Future.
There are some sure-fire ways to give yourself the best chance to create long-term wealth for yourself that is independent of job title, the latest fad (like crypto) or hoping your tick-tock or NFT career takes off.
What Is “Rentvesting?”
Getting into the property market for the first time is a daunting concept. Most are not particularly concerned with mortgage repayments because they are often quite similar in price to monthly rental obligations.
May 2022 Newsletter
In this issue:
With the ATO having announced a more hardline approach to discretionary trusts, we detail some good news around the possible retrospectivity of their new approach.
Are you aware of the personal property security register?
In your May newsletter, we outline its importance and how it can reduce your risk of property you are thinking of purchasing being repossessed.
Bonus Articles
Please contact us for clarification, or further advice, regarding any of the topics covered in this newsletter.
April 2022 Newsletter
In this issue:
If you are a ride-sharing driver (such as with Uber) or if you are a rider, there is a raft of tax issues to be aware of from both standpoints. From GST, income tax, deductions, and PAYG withholding…we’ve got it all covered.
Bonus Articles
Please contact us for clarification, or further advice, regarding any of the topics covered in this newsletter.
March 2022 Newsletter - Federal Budget Wrap
If you're a small business owner, you'll know that you're required to pay your employees (and certain contractors) superannuation guarantee (SG) in addition to their salary or wages. But how do you pay your SG contributions in a simple and effective way? The answer is through a superannuation clearing house (SCH).
The last two years has left no one untouched.
The last two years has left no one untouched. Aside from the obvious health implications of contracting COVID, the unlucky individuals who had their sources of income reduced or wiped out completely have suffered significantly.
March 2022 Newsletter
If you're a small business owner, you'll know that you're required to pay your employees (and certain contractors) superannuation guarantee (SG) in addition to their salary or wages. But how do you pay your SG contributions in a simple and effective way? The answer is through a superannuation clearing house (SCH).
February 2022 Newsletter
In this issue: The STP regime is a government initiative that is designed to reduce an employer’s burden when reporting to Government agencies such as the ATO. STP phase 2 is now here, and employers must start reporting by 1 March 2022. By consolidating your superannuation, you can potentially save tens of thousands of dollars…