super

Are some of your clients about to get a Div 293 shock?

Division 293 was introduced about five years ago, and is intended to even out the concessional tax treatment that higher income earners enjoy on some superannuation contributions. This results from super contributions made before tax being taxed at 15% within a fund, and the higher relative difference in marginal rates for high income earners compared

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Tax & Super Australia “Your Opinion Matters” survey draw

Tax & Super Australia is committed to providing members with quality services. In line with our commitment to continuous improvement, we conducted a survey of non-member readers of our publications to elicit responses and to incite suggestions as to how we could further improve our products and services. We received many helpful and valuable suggestions from

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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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Overview of superannuation system changes for SMSFs

The changes to the super system, announced by the government in the 2016–17 federal budget, have now been passed by Parliament. Overview of superannuation system changes for SMSFs. As reflected in the name of the legislation, the Treasury Laws Amendment (Fair and Sustainable Superannuation) Bill 2016, these changes were designed to improve the sustainability and

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