Oct 10, 2023
Seven months on from the Federal Government’s announcement that it will shift the goalposts for Australia’s superannuation system, the topic is no longer headline news, but that doesn’t mean concerns around the planned changes have abated. In fact, as the planned...
May 2, 2023
As a superannuation auditor with decades of experience, I am passionate about maintaining the integrity of Australia’s superannuation system and ensuring it continues to benefit all people for generations to come, which is why I believe it’s essential that the Federal...
Jan 21, 2019
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...
Nov 9, 2016
A SMSF with an annual turnover of less than $75,000 is not required to register for GST, but can opt to do so. Since annual turnover for GST purposes does not include input-taxed supplies, a SMSF that invests only in shares, units in unit trusts and/or residential...
Mar 24, 2016
If you are 75 years or older, the super fund cannot accept any voluntary (concessional and non-concessional) contributions from you apart from mandated (super guarantee) employer contributions which can be contributed at any time regardless of age. However, the SIS...
Oct 28, 2015
Self-managed superannuation funds (SMSFs) over the past few years have become the retirement vehicle of choice due to the flexibility that trustees have over investments and effective low tax rates. SMSFs are also an effective tool for estate planning, as it allows...
