SUMMARY: ATO clarifies rules on $1.6m pension rollbacks, and gives a pardon for death benefit errors in the past. The Tax Office has handed out pardons for some past sins as it tries to smooth the deck of some compliance issues ahead of 1 July. The […]
SUMMARY: Salary sacrifice changes forever on 1 July. Are you ready? One big question that will not be answered until after 1 July is … how many employers will even continue to offer super salary sacrifice for their staff? From 1 July, 2017, […]
SUMMARY: Super bonus for downsizing retirees the upside, property tax deductions the main downside from Federal Budget 2017. If you are a self-managed super fund trustee, it’s safe to take a breath. Take in a deep one. The Federal Budget was one that largely left SMSFs alone. It absolutely needed to be – with all […]
SUMMARY: How the death of a spouse will impact on the $1.6m pension limit. And what to do about it. In days gone by, a good old reversionary pension would generally do the trick. It’d cover most situations. […]
SUMMARY: Gearing-in-super issues continue to be touched up in the lead up to 30 June. Things are getting interesting in the super fund loans space and the 30 June light coming down the super-changes tunnel. “Interesting” in an “uncertain” sense. The light could be a train. […]
SUMMARY: SMSF property investors are not the enemy of first home buyers. Property and superannuation are top of the pops at the moment – barely a TV news bulletin occurs without one of both of them getting a guernsey. This is more airplay than either of them usually get. Putting them both in the […]
SUMMARY: Five strategies for couples to even up super balances this year, if they can act quickly. Fatigue has set in. And some barely repressable anger. Treasurer Scott Morrison’s Budget on May 9 had better not have major super changes in it. The changes that got through parliament late last year […]
SUMMARY: The most common questions being asked in the lead-up to 30 June and the big-bang changes. Question: How can I maximise how much money I put into super this financial year? Answer: Until 30 June, we’re still operating under the “current” rules. And those allow for concessional […]
SUMMARY: SMSF property investors need to keep a self-interested eye on the current housing affordability debate. Aha. It must, officially, be time to hyperventilate over property prices. The “unaffordability crisis” is nightly news again. Political leaders are increasingly jawboning about strategies to help first-home buyers. Occasionally, they just get silly enough to act […]
SUMMARY: Get acquainted with partial commutations. They are going to be critical for SMSFs in the near term. Changes to the law often mean the death to some strategies. But they can equally breathe fresh life into previously unloved strategies. Transition to retirement (TTR) strategies, thanks to the taxation of TTR pension funds […]
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