Entries by pacfin

Catch Up Contributions

Carry-forward (catch-up) super contributions could be the answer for many Australians looking to boost the balance in their super account. Catch up contributions are concessional (before tax) contributions made to your superfund. From 1st July 2018, eligible individuals have been able to accumulate unused concessional contributions and carry them forward. From July 1, 2019, you […]

The Bring-Forward Rule

Have you ever wondered how to contribute large amounts of savings into Super? Preparing for retirement can be a challenging time and one of those challenges is maximising superannuation balances and getting more money into your super account up until retirement. One way of achieving this goal is by using the bring-forward rule. What is […]

Downsizer Contributions

Have you been considering downsizing your home? Did you know you may be able to contribute this to a more tax effective environment? If you’re 65 or over, you may be able to contribute the proceeds of selling your home into super and be exempt from some of the normal super contribution rules and limits. […]

Spouse Equalisation Contributions

It is very common for couples to have differing superannuation balances. This is especially if one has been employed in a part-time capacity, temporarily taken time off work to take care of the children or differ in age, occupation and income. There are some opportunities for couples to equalise their personal superannuation accounts. This helps […]

Salary Sacrificing To Super

Salary Sacrificing: A tax effective way to make super contributions Making voluntary super contributions is a great way to build up your superannuation into retirement, and it could also reduce the amount of tax you pay. Salary sacrifice is an arrangement between you and your employer with your employer paying some of your pre-tax salary […]

Making Superannuation Contributions

By making additional super contributions, you can help boost your balance prior to retirement while at the same time potentially lower your marginal tax rate. You can choose whether you want to make concessional or non-concessional contributions, or even a combination of both. How do I maximise my Super balance to plan for a better […]

Transition To Retirement (TTR)

Have you been considering retirement, but you’re just not sure where to start or if you can afford to retire?  Your retirement age is not set in stone. Once you’ve met your preservation age, you can choose when and how you’d like to retire. Understanding where you are financially, both now and in the future […]

Secure up to $500k without having to provide financials

Is your business heavily reliant on it’s equipment to run? Then you’ll know how important it is to invest in quality equipment that will stand the test of time, reduce downtime and improve functionality and efficiency. Upgrading equipment does not have to be a daunting task The finance consultants at Pacific Finance can help you […]

Save money by using energy efficient equipment

If the success of your business is reliant on the efficiency of your machinery, you’ll understand the importance of investing in quality equipment. Investing in the markets’ most innovative equipment can lower your operating costs and bring you savings in energy consumption. If you’re thinking about upgrading your equipment, it may qualify as energy efficient. […]

The value in commercial finance broking

A large successful well-established family business for over 50 years was purchasing property for $4.4 million. They had been with their incumbent Bank for as long as they’d been in business. They had no debt and a squeaky-clean record – a model business and client in every aspect. The first conversation with their Bank was […]