Build a strong path to wealth with our superannuation news and insights.

Assessing the super system’s performance, according to the PC

The Productivity Commission (PC) has finalised its comprehensive report to assess the efficiency and competitiveness of Australia’s $2 trillion superannuation system. You can download the complete paper here (although it’s 3,142KB — click here for the 646KB executive summary). Assessing the super system’s performance, according to the PC The PC points out that the superannuation

[ Read More ]

SMSFs need to prepare for the new transfer balance cap

Recent legislation has introduced several superannuation rule changes. Among them is a new “transfer balance account”, which each recipient of a superannuation pension will be required to have. In other words, individuals receiving superannuation income stream benefits will need to keep a transfer balance account. The use of “accounts” for tax law purposes is not

[ Read More ]

Kids are staying home for longer, but when is a “dependant” really dependent?

Many adult children continue to stay in mum and dad’s house because it’s generally cheaper than the alternative and probably a lot more comfortable. Although many stay-at-home grown-up kids can most likely support themselves, the familial home in most instances can provide the higher standard of living. When is a “dependant” really dependent? But this

[ Read More ]

SMSF trustees: Tread carefully with peer-to-peer lending investments

One investment option that has surfaced relatively recently, and that SMSF trustees may consider as a part of their strategy to grow their fund, is investing through peer-to-peer lending. Peer-to-peer lending involves an investor – a trustee of the SMSF in this case – providing funds to an online lending platform. This platform, which must

[ Read More ]

A super legislative tsunami is heading our way

A super legislative tsunami is on its way The bills proposing changes to the superannuation system were introduced into Parliament last week, on November 9. The Treasury Laws Amendment (Fair and Sustainable Superannuation) Bill 2016 (you can read the details here) contains the vast majority of the changes to the regulation and taxation treatment of

[ Read More ]