SUMMARY: Insurance inside super from next year will require a re-evaluation. Lower contribution limits have tilted the field. Life insurance inside superannuation has been a relatively simple equation for most Australians. Until now. Current higher contributions limits and the advantages of tax deductibility had meant that, for the majority, it made sense to have […]
SUMMARY: Getting extra tax deductions for super, taxable and tax-free quotas under the $1.6m rule … answering more webinar questions. Another great webinar with Eureka Report readers last Thursday. Thanks again for joining in. The questions are fun to answer and in most cases, you present us with challenges. If you wish to watch […]
SUMMARY: The reversion to a $100k annual NCC limit has improved the relevance of transition to retirement strategies. The Government’s backward double twist routine into the “new, new rules” for superannuation have reset the clock on a number of super strategies. This includes transition to retirement […]
SUMMARY: Property strategies will need to adapt with new limits in super and pension funds. Here’s how. Last week’s backdown on the $500,000 non-concessional limit will have appeased some. But will have upset others. What now seems certain is that the $1.6 million transfer to pension (TTP) cap is here to stay. And that is […]
SUMMARY: Coalition wavers, dumping $500k after-tax cap. But not without creating a few new superannuation victims. Treasurer Scott Morrison has caved to pressure from his backbench on the $500,000 non-concessional superannuation cap, announcing a major restructure of its policy. The $500k NCC limit, which was to be backdated to 2007, will be scrapped. The replacement […]
SUMMARY: The $1.6 million transfer-to-pension cap … what you need to start considering now. So, you’re going to bust the cap. You’ve got more than $1.6 million in super. And you’re wondering what the proposed transfer-to-pension cap is going to mean. You’re going to have some decisions to […]
SUMMARY: Recontribution strategy users the real victims of retrospective $500k non-concessional contribution limit. The final hard sell on the government’s proposed superannuation overhaul started on Monday in Canberra. Politicians started returning to Canberra, and Prime Minister Malcolm Turnbull and Treasurer Scott Morrison were continuing to sell the message that they don’t believe changes to the […]
SUMMARY: Canberra’s super pressure cooker is leaking – and agreement to lift the NCC limit could seal the deal. Treasurer Scott Morrison is on a mini-roadshow, selling his proposed superannuation changes. The odd thing is who he’s having to go the hard-sell to. Not the public, not the media, but his own government colleagues. […]
SUMMARY: The unanswered questions! Here are my responses to the questions we didn’t get to in the inaugural Adviser Q&A. Thanks very much for the great response to the inaugural Adviser Q&A held last Thursday. It was wonderful to see so many questions come in. We couldn’t get through everything during our first Adviser Q&A […]
SUMMARY: The superannuation changes can’t sit on the political backburner. Decisions, or deals, need to be done now. I’m thinking of buying Treasurer Scott Morrison a new t-shirt. It would read: “Superannuation chaos, panic, disorder: My work here is done.” Superannuation is in disarray. People don’t know what rules to follow. Planning is impossible. […]
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