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Wholistic Financial Solutions

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Australia
Canberra, ACT
Wholistic Financial Solutions

Where Excellence Meets Personalised Accounting Solutions.

"At Wholistic Financial Solutions we simplify the complexities of individual and business taxation and accounting"

28/05/2026

Our office will be closed Monday, 1st June for Reconciliation Day.
We’ll reopen as usual on Tuesday 2nd June.

27/05/2026

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https://wfscanberra.com.au

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06/05/2026

Paying super late — even by one day — means the payment is not considered “on time”, and different ATO rules apply.

Here’s what employers must do if a Super Guarantee (SG) payment is late:

1. You must lodge a Super Guarantee Charge (SGC) statement

If super is not received by the employee’s correct fund by the due date, employers are required to lodge an SGC statement with the ATO.

2. You must pay the Super Guarantee Charge
The SGC includes:
• the unpaid super
• 10% interest per annum, calculated from the first day of the quarter
• an administration fee per employee
(Note: SGC payments are not tax‑deductible.)

3. The ATO may follow up using STP and super fund data
Late or missing super is visible through Single Touch Payroll and super fund reporting, making non‑payment easier to detect.

4. Paying late doesn’t make it “on time”
Super is only considered paid when the fund receives it, not when it is sent — which is especially important when using clearing houses.

5. A late payment may be offset — but only in limited cases
For periods before 1 July 2026, employers may be able to elect to offset a late super payment against the SGC. However, the amount remains non‑deductible, and this option will no longer be available from July 2026.

If you’ve missed a payment, don’t wait — lodging the SGC statement as soon as possible can help reduce additional penalties. Need help? We can guide you through the process.

30/04/2026

From 1 July 2026, employers will need to pay super at the same time as wages, instead of quarterly. Super funds must receive contributions within 7 business days of payday.

While the changes don’t begin until July, May is the perfect time to start preparing so there are no surprises at EOFY.

Here’s what employers should review now:
• Payroll software — can it process super every pay cycle?
• Cash flow — super will be paid more frequently.
• Employee fund details — ensure everything is current and accurate.
• Internal processes — super will no longer be a quarterly task.
• Talk to your accountant or bookkeeper — some setups may need adjusting.

These changes aim to reduce unpaid super and help employees grow their balances sooner — but businesses will need time to transition smoothly.

If you’re unsure what this means for your business, we can help guide you through the updates.

28/04/2026

Here’s a complete overview of the 5 Money Rules You Must Know:

1. The 4% Rule for Retirement Withdrawals

A guideline suggesting you can withdraw 4% of your retirement savings each year without running out.

2. The Peace of Mind Fund for Emergencies

Set aside 2–3 months of living expenses in a high‑yield savings account to protect yourself from unexpected events.

3. The Rule of 72 for Doubling Your Money

Divide 72 by your expected return rate to estimate how long it takes your money to double.

4. The 2x Investing Rule for Smart Spending

For every $1 you spend on a luxury, invest $1 to balance lifestyle and long‑term wealth.

5. The 50/30/20 Budget Rule for Managing Your Income

Allocate 50% to needs, 30% to wants, and 20% to savings or debt repayment.

These straightforward principles can make managing money feel clearer, more intentional, and less overwhelming.

22/04/2026

As we pause to honour the courage, service and sacrifice of those who served, our office will be closed on Monday, 27th April for the ANZAC Day public holiday.

We will reopen as normal on Tuesday, 28th April.

Lest We Forget. 🌺

If you need to reach us, please feel free to email — we’ll respond when we return on Tuesday.

20/04/2026

The 50/30/20 Budget Rule for Managing Your Income

An easy way to structure your finances and stay in control:

- 50% → Needs (housing, food, utilities)
- 30% → Wants (dining out, travel)
- 20% → Goals (saving, debt repayments, investing)

A simple, flexible framework that works for nearly any budget.

18/04/2026

The 4% Rule for Retirement Withdrawals

A simple guideline to help make your savings last throughout retirement.

You can safely withdraw 4% of your portfolio each year without running out of money.

Example:

If you have $2M invested, that provides about $80,000 per year in income.

This rule helps bring clarity and confidence to long‑term retirement planning.

16/04/2026

The Rule of 72 for Doubling Your Money

A quick mental formula to understand how long it will take your money to grow.

Just divide 72 by your rate of return to estimate how many years it will take your investment to double.

Example:

At a 10% return, your money doubles in about 7 years.

A simple way to understand the power of compounding.

06/04/2026

The 2x Investing Rule for Smart Spending:

A balanced approach to enjoying life today while building wealth for tomorrow.

For every $1 you spend on a luxury, invest $1.

For Example:

If you buy $500 shoes, invest $500 as well.

This mindset helps maintain financial discipline without sacrificing the things you enjoy.

02/04/2026

The Peace of Mind Fund for Emergencies:

Life can be unpredictable — which is why a financial buffer is essential.

Aim to save 2 to 3 months of living expenses in a high‑yield savings account.

This creates security, reduces stress, and protects you when unexpected situations arise.

Address

5/133 Flemington Road
Canberra, ACT
2911

Opening Hours

Monday	9am - 5pm
Tuesday	9am - 5pm
Wednesday	9am - 5pm
Thursday	9am - 5pm
Friday	9am - 5pm

Telephone

+61261624546

Website

http://www.wfscanberra.com.au/

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