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Super

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

Super strategies will soon need to factor in new transfer balance caps

When the legislation to limit the amount that can be transferred into a pension account took effect on 1 January 2017, there was always written into those rules a requirement for the transfer

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Super

The SG amnesty is a step closer

The Senate Economics Legislation Committee has tabled its report on Treasury Laws Amendment (Recovering Unpaid Superannuation) Bill 2019 and recommended that it be passed. (Scroll down to take

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Super

More to woes in TBC case than the use of “remove” instead of “commute”

A taxpayer is being obliged to pay an amount of excess transfer balance (ETB) tax, even though he took active steps to reduce his pension account balance to be under the cap by following the

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Super

ASIC concerns lead to robo-advice tools being shut down

A Sydney-based AFSL holder has agreed to close some of its digital advisory offerings after ASIC made approaches to it with concerns over the quality of advice distributed by the robo tools. The

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Super

ATO “heavy focus” on SG obligations starts by targeting small sample of employers

The ATO’s Deputy Commissioner, Superannuation and Employer Obligations, James O’Halloran, has announced in a speech to the Australian Institute of Superannuation Trustees (AIST) that with the

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Super

LRBA amounts now included in TSB calculation

The calculation of an individual’s total superannuation balance (TSB) will now include, in certain circumstances, the outstanding LRBA amount attributable to each member’s interest where

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Super

NALI ambiguity dealt with by ATO, with a tightening of “expenditure” treatment

Non-arm’s length income (NALI) determinations from the ATO must crop up now and then in SMSF trustee nightmares, particularly in regard to LRBAs. While the NALI provisions are an accepted

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Super

SG amnesty idea re-surfaces, but with an extended period of application

Last year’s 24 May announcement of an amnesty for employers who come forward to correct underpayments of their super guarantee obligations has been resurrected in a new bill. The Treasury Laws

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Super

Contribution paid this year, but trustee wants to allocate to next year? There’s a form for that

The ATO has in place a ruling that can allow a superannuation contribution to an accumulation account made in one financial year to be deemed to “take effect” (that is, allocated to a particular

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Super

Drawdown rates: Too high, too low, about right?

Once one of your clients starts a pension, there is a legislated minimum amount required to be paid out each year. There is no maximum amount other than the balance of their super account, unless

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Super

The SMSF sector is growing by $23,200 every minute

The latest statistical report from APRA has been released (here’s a link to download it), which of course mainly focuses on the APRA-regulated superannuation funds in the retail and industry

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Super

Super downsizer scheme: The take up so far (and some common errors)

The “Reducing Pressure on Housing Affordability Measure” — a bill with a second part that is otherwise known as the super downsizer scheme — started on 1 July 2018 and has allowed older

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Super

Date set for shut down of tax agent and BAS agent portals

STP proves time‐consuming, costly and onerous for micro employers

Drawdown rates: Too high, too low, about right?

Working holiday makers

Tax on the Whiteboard: Distributions from foreign trusts

From the Blog

Super strategies will soon need to factor in new transfer balance caps

The SG amnesty is a step closer

More to woes in TBC case than the use of “remove” instead of “commute”

ASIC concerns lead to robo-advice tools being shut down

ATO “heavy focus” on SG obligations starts by targeting small sample of employers

LRBA amounts now included in TSB calculation

NALI ambiguity dealt with by ATO, with a tightening of “expenditure” treatment

SG amnesty idea re-surfaces, but with an extended period of application

Contribution paid this year, but trustee wants to allocate to next year? There’s a form for that

Drawdown rates: Too high, too low, about right?

The SMSF sector is growing by $23,200 every minute

Super downsizer scheme: The take up so far (and some common errors)

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