Super

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More super reform changes being made on the fly

Further rumoured amendments to the superannuation reforms taking effect on July 1, 2017, just over two months away, are seeding further panic among the superannuation industry. The document circulated by the ATO lists seven areas where further amendments, termed “minor and technical”, are being sought. It is proposed that the government intends to enact these

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Super’s new $1.6m transfer balance cap — what counts towards it?

The transfer balance cap applies to the total amount of superannuation that has been transferred into retirement phase. The balance of assets in pension phase can be held across several accounts, so the number of accounts is immaterial. The amount of the lifetime cap will start at $1.6 million, and will be indexed periodically in $100,000

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The super issues that matter most to Tax & Super Australia members

A poll of SMSF and superannuation professionals has revealed the most important issues facing clients in the face of recent reforms. The super issues that matter most From the second week of January until the end of February, Tax & Super Australia ran a poll on this website that asked the question: “Which of the

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