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Welcome to the latest edition of our Superannuation Solutions Newsletter. In this edition we discuss non-arms length expenditure rule changes, understanding the criteria for the wholesale investor test and distinguishing between wholesale and retail investors, and a current list of important superannuation rates and caps which have changed from 1 July 2024. Read more
With 30 June approaching, this document draws your attention to year-end tax planning strategies and compliance issues you need to consider to ensure you are in the best possible tax health. Read more
Welcome to the latest edition of our Superannuation Solutions Newsletter. In this edition we discuss concessional contribution caps increasing, whether you need to take action on the contribution cap bring forward, research demonstrating how SMSFs out perform APRA funds and the ATO's focus on SMSF compliance to value assets each year at market value. Read more
Self-Managed Superannuation Funds (SMSF) are governed by the Superannuation Industry Supervision (SIS) rules through the Australian Taxation Office (ATO). An audit must be undertaken every year by an ATO-registered superannuation fund auditor who reports any breaches of the SIS Act on an annual basis. Read more
If you’re lucky enough to have received a windfall, perhaps an inheritance or a redundancy payout, your first decision will be what to do with it. Read more
It is a special feeling to welcome a new child or grandchild into the world and watch them grow. Sharing their joy as they reach new milestones is priceless. Having a financial strategy in place to cover the costs and taking advantage of government support where available can make a big difference. Read more
As our superannuation balances grow larger, it makes more sense than ever to keep track of the many rules changes that have recently happened or are coming up soon. Here we outline the latest changes in case they affect you. Read more
The Budget confirms the Federal Government’s intention to introduce an additional 15% tax on a proportion of the super “earnings” of a member where the member’s total super balance is greater than $3m at the end of a financial year. Read more
The Federal Treasurer, Dr Jim Chalmers, brought down the 2023-24 Federal Budget on 9 May. In this issue we look at three announcements which directly affect our superannuation clients. Read more
With 30 June approaching, this article draws your attention to year-end tax planning strategies and compliance issues you need to consider to ensure you are in the best possible tax health. Read more