Taxation Archives - MGD

Library

In our library, you will find the latest financial news, valuable insights and ideas, tips and tricks we've learnt over the years and other helpful educational pieces.

Taxation

Federal Budget 2024 | Taxation

15 May 2024

The Federal Treasurer, Dr Jim Chalmers, handed down the 2024–25 Federal Budget at 7:30 pm (AEST) on 14 May 2024. In this article, we outline the key taxation highlights from the announcement.

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Federal Budget 2024 | Overview

15 May 2024

On 14 May 2024, Federal Treasurer, Jim Chalmers, handed down the 2024–25 Federal Budget. Described as a “responsible Budget that helps people under pressure today”, the Treasurer has forecast a second consecutive surplus of $9.3 billion.

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What Every Australian Pilot Working for a Foreign Airline Needs to Know

11 April 2024

MGD recently hosted an informative webinar tailored specifically for Australian pilots working for foreign airlines covering mortgages, foreign currency, and tax residency and foreign retirement funds. The recording is now available to view.

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Expat eBook: Foreign Retirement Funds

19 March 2024
By Richard Marsden
For expats planning on returning to Australia, there continues to be a great deal of confusion about foreign retirement accounts. Foreign Retirement Funds is chapter two of our upcoming eBook, A Comprehensive Guide to Repatriation for Australian Expats, can help guide you through two key areas of uncertainty.

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Exclusive Expat eBook Preview: Residency and Taxation

24 October 2023
By Richard Marsden
Residency and Taxation is chapter one of our upcoming eBook, A Comprehensive Guide to Repatriation for Australian Expats, which has been designed to help Australian expats make a seamless re-entry back to Australia. We hope you enjoy this exclusive preview that covers material that is foundational to financial success when repatriating.

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Maximising Your and Your Spouse’s Tax-Free Superannuation Benefits

28 September 2023
By Richard Marsden
For those with an eye on retirement, the 2023 May Federal Budget was important. Superannuation rules became more favourable for most. This article provides insight into two superannuation rule changes to know about and how you and your spouse can maximise your tax-free superannuation benefits.

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What every expat needs to know before returning to or retiring in Australia

20 July 2023
By Richard Marsden
Many of us living and working outside Australia will ultimately want to return to live in Australia. Tax management and other financial considerations play a critical role in successful repatriation.

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MGD Tax Update | June 2023

26 June 2023
A summary of recent tax developments and information that we hope you find interesting and useful. This update contains a wide range of information, with a particular focus on year end tax tips, what's in the parliamentary pipeline, late lodgments, FBT issues, and key upcoming tax dates.

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MGD Tax Update (Federal Budget) | June 2023

20 June 2023
A summary of recent tax developments and information that we hope you find interesting and useful. This update contains a wide range of information, with a particular focus on tax and superannuation measures from the Federal Budget 2022-23 and key tax dates.

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Federal Budget 2023 | Taxation

10 May 2023
On 9 May 2023, Federal Treasurer, Jim Chalmers, handed down the 2023/ 24 Federal Budget. In this article, we outline the key taxation highlights from the announcement.

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Federal Budget 2023 | Overview

10 May 2023
On 9 May 2023, Federal Treasurer, Jim Chalmers, handed down the 2023/ 24 Federal Budget. This was largely a no surprises Budget, with most announcements having been released in the weeks leading up to Budget night.

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Young People and Super – Can We Eat Our Avocado and Retire Too?

12 December 2022
By Priyanka Luecke
For many younger people, superannuation is generally a low priority on their list of things to consider. Which is why, with a raft of legislative reforms now in play, there are active efforts from Government to engage the younger generation more in their superannuation.

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Five Money Mistakes You Should Try to Avoid When Repatriating to Australia

24 November 2022
By Richard Marsden
Repatriation can be a complex process when it comes to your finances. Seeking the right advice can help you avoid losing thousands of dollars in unnecessary tax whilst also help you achieve better wealth outcomes for your new life ahead.

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MGD Tax Update | November 2022

17 November 2022
A summary of recent tax developments and information that we hope you find interesting and useful. This update contains a wide range of information, with a particular focus on tax measures from the Federal Budget 2022-23, business income and expenses, stapled superannuation funds, and key tax dates.

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Repatriation with Children – The Right Advice

11 November 2022
By Richard Marsden
In this article, we welcome esteemed psychologist Deirdre Brandner who discusses how best to prepare and manage the repatriation experience for children of all ages, plus she shares her top tips for parents guiding children through this transition.

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Rolling Your Money – It’s a Bumpy Road

8 November 2022
By Priyanka Luecke
The term ‘rollover’ refers to transferring money within the superannuation environment. This article discusses the process of doing this through SuperStream, a government reform to improve the efficiency of the superannuation system, and the potential issues some people are experiencing.

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Returning to Australia from Hong Kong? Here Are Ten Things You Need to Know

7 November 2022
By Richard Marsden
Are you an Australian expat currently planning to return home from Hong Kong? Regardless of how eager you may be to return home, it is imperative to plan ahead and seek astute advice to ensure your repatriation experience is as smooth as possible, both from a lifestyle and financial perspective.

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