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Mar 16, 2023 / News

Crypto Assets in Super Funds

SMSF trustees may be attracted to the idea of including crypto assets in their funds’ investment portfolios. There are a number of critical issues to be aware of. Read more

Superannuation


Mar 16, 2023 / News

NALE Consultation Paper Released

After years of lobbying from interested parties, Federal Treasury has finally produced a proposed solution to the knotty problem of non-arm’s length general expenses in super funds. But the proposal seems to punish SMSFs and give large APRA funds a free pass. Read more

Superannuation


Mar 16, 2023 / News

Estate Planning in SMSFs

A person’s superannuation balance is often one of their largest assets. There are a number of matters relating to superannuation that should be addressed in any estate planning. Read more

Superannuation


Mar 16, 2023 / News

Indexation of the Transfer Balance Cap

Following the release of the CPI figures for the December 2022 quarter, the general transfer balance cap will increase from $1.7m to $1.9m on 1 July 2023. This may provide planning opportunities for clients. Read more

Superannuation


Mar 16, 2023 / News

Government Announces Super Fund Tax Increase on Balances Over $3 Million

The Federal Government has announced its intention to increase the super fund tax rate from 15% to 30% for super balances over $3 million. However there is no need to take any action yet, as the change is not due to happen until 1 July 2025. Read more

Superannuation


Aug 12, 2022 / News

Downsizer super contributions – age threshold to be reduced to 55

A Bill introduced into Parliament last week will reduce the eligible age for making a downsizer contribution to superannuation from 60 years to 55, likely to take affect from 1 October 2022. Read more

Superannuation


May 03, 2022 / News

New Research on Minimum Size of SMSFs

It is often suggested that SMSFs with assets of less than $500,000 will underperform compared with APRA regulated funds. Read more

Superannuation


Nov 04, 2021 / News

Superannuation Benefits and Binding Nominations

Superannuation death benefits have recently been receiving media coverage; particularly in relation to a former Victorian Magistrate, Rodney Higgins, who was engaged to a woman named Ashleigh Petrie. Read more

Superannuation


Aug 04, 2021 / News

Massive penalties apply for paying superannuation late

Late payment of super can lead to penalties equal to 200% of the amount of superannuation payable. Read more

Superannuation / Taxation


Apr 20, 2021 / News

Five reasons to check your super statements

Superannuation - every working Australian has an account but not all understand it. The legislation of compulsory super contributions was first introduced in 1992 by then Treasurer, Paul Keating. It aimed to solve the issue of retirement income for all Australians. Twenty eight years on, superannuation assets have grown to a massive $2.7 trillion, an incredible 1.5 times Australia’s gross domestic product. Read more

Superannuation


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