super

Early release of super savings under review

On 8 December 2017 the government announced that Treasury will conduct a review of the rules governing the early release of superannuation benefits, including for victims of crime compensation. The government says the rules governing early release of superannuation benefits have not changed substantially since 1997. “The superannuation system has come a long way since

[ Read More ]

The superannuation clearing house service to join other ATO online services

The Small Business Superannuation Clearing House will join existing ATO online services in mid-to-late February 2018. The ATO says its online services gives access to a range of tax and super services with one logon, including lodging activity statements and updating your business registration details. The current super clearing house service will still be available

[ Read More ]

SMSFs: Here’s an extensive toolkit of ATO forms you’ll need

SMSF trustees may find that occasionally a particular form is needed to be able to complete an administrative task for the ATO. SMSFs: Here’s a complete list of tax office forms you’ll need Rather than have you searching the vast labyrinth of the ATO’s website for SMSF forms, we thought it helpful to list some

[ Read More ]

Child death benefit recipients and the super transfer cap

The death of a parent is hard on all those involved, however once the grieving has eased, a time comes to address financial matters. One of these issues can be what happens to any superannuation they may have left in their fund. Child death benefit recipients and the super transfer cap. Making things harder is

[ Read More ]

Transfer balance account report now available

A transfer balance account report (TBAR) has been developed by the ATO to capture the new information super providers need to provide. The new TBAR and relevant instructions are now available from the ATO website. It adds that it is planned to have an online TBAR form available from next January, although you can download

[ Read More ]