super

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

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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

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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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