Blog
Transition to retirement income streams (TRIS) from 1 July 2017
With the introduction of the transfer balance cap (currently $1.6 million in 2017/2018), superannuation funds are only able to claim income tax exemptions on assets that are supporting income streams in the retirement phase. Since 1 July 2017, there are now two types...
read more
Fair value of peppercorn leases for not-for-profits
Charities and not-for-profits are created with a specific purpose in mind. These organisations use their funding to advance their purpose, which benefit millions of lives daily. Like any other entity, running these charities results in inevitable costs. These costs...
read more
Can superannuation funds invest in Gold?
Investing in gold I am often asked by self managed superannuation fund (SMSF) members if their superannuation fund can invest in gold? When an SMSF member is considering investing in gold or other precious metals, they need to consider whether the investment could...
read more
Transfer Balance Account Report (TBAR)
From 1 July 2017, a limit came into effect on the total amount a superannuation fund member can transfer into retirement phase across all of their superannuation funds. The limit is referred to as the 'transfer balance cap' (TBC) and is currently $1.6 million for the...
read more