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May 03, 2022 / News
New Research on Minimum Size of SMSFs
It is often suggested that SMSFs with assets of less than $500,000 will underperform compared with APRA regulated funds. Read more
Nov 04, 2021 / News
Superannuation Benefits and Binding Nominations
Superannuation death benefits have recently been receiving media coverage; particularly in relation to a former Victorian Magistrate, Rodney Higgins, who was engaged to a woman named Ashleigh Petrie. Read more
Aug 04, 2021 / News
Massive penalties apply for paying superannuation late
Late payment of super can lead to penalties equal to 200% of the amount of superannuation payable. Read more
Apr 20, 2021 / News
Five reasons to check your super statements
Superannuation - every working Australian has an account but not all understand it. The legislation of compulsory super contributions was first introduced in 1992 by then Treasurer, Paul Keating. It aimed to solve the issue of retirement income for all Australians. Twenty eight years on, superannuation assets have grown to a massive $2.7 trillion, an incredible 1.5 times Australia’s gross domestic product. Read more
Apr 14, 2021 / News
Indexation of the Transfer Balance Cap
The All Groups CPI figure for the December 2020 quarter has triggered upward indexation of the general transfer balance cap (TBC) and any unused part of an individual’s TBC (or “cap space”) from 1 July 2021. This sounds like good news, but the bad news is that the indexation system to be used for any individual’s cap space is so complex that it may lead to errors and unintentional breaches of the TBC rules. Read more
Apr 14, 2021 / News
Non Arm’s Length Income (NALI) & Non-Arm’s Length Expenditure (NALE)
One of the benefits of holding investments through a complying superannuation fund is the concessional tax rates of 15% on income and 10% for capital gains (where the asset is held for longer than 12 months) or 0% after the retirement phase pension commences. Read more
Apr 14, 2021 / News
Your Future, Your Super Legislation Introduced
In our Superannuation Solutions Newsletter edition 8, we explained the changes to the superannuation system announced by the Federal Treasurer in the publication Your Future Your Super. The legislation to implement these changes has now been introduced into Federal Parliament as the Treasury Laws Amendment (Your Future, Your Super) Bill 2021. We take this opportunity to outline two important aspects of the draft legislation. Read more
Aug 24, 2020 / News
Top Five Benefits of SMSF Corporate Trustees
Given the extra costs of establishing a company to act as the corporate trustee of an SMSF, why such growth and what are the advantages? Read more
Aug 20, 2020 / News
COVID-19 Concessions
The following has been taken from the SMSF Frequently Asked Questions page of the ATO website, and may be useful to clients whose SMSFs have been affected by COVID-19. Read more
Aug 20, 2020 / News
Delayed Start to Super Changes
Due to a backlog of legislation and the effects of COVID-19, the Federal Government has announced delayed starting dates for a number of super changes. Read more
