X

BLOG

  • Div 293 and Pension Tax Proposals

    The labour government recently announced it would be proposing two changes to the current superannuation system if they are elected into power. 1. Higher Tax on Super Contributions The first proposed change is to extend the additional 15% tax on […]

    Read More
  • Changes to the 2013 SMSF annual return

    Some house keeping to alert you all to  number of changes for SMSFs which apply for the 2012-2013 year. The most important to note are: Section A: Item 6 has been changed from Fund Auditor to SMSF Auditor. An SMSF Auditor […]

    Read More
  • Changes to contribution reporting for rollovers from 1 July 2013

    From 1 July 2013, the Rollover benefits statement (RBS) is changing.   The new RBS must be used for all rollovers from this date.  The new RBS has no current year contribution information. The 2014 SMSF Annual Return (SAR) is […]

    Read More
  • Stronger Super Measures

    The Stronger Super measures represent the Government’s response to the review of the governance, efficiency, structure and operation of Australia’s superannuation system. With respect to the SMSF Stronger Super measures, you need to be reminded of the critical aspects, which […]

    Read More
  • Superannuation Assets

    On the 5th of April, the Minister for Financial Services and Superannuation – Mr Bill Shorten, issued a joint media release covering the Governments plans to Tax Earnings on Superannuation Assets which Support Income Streams.  The Release is set out […]

    Read More
  • TPD within a SMSF – Beware

    Insurance within a Self-Managed Superannuation Fund (SMSF) can be part of an effective estate planning strategy but beware of the conditions of release for any payouts. Two major benefits of having insurance within your SMSF are: The full/partial deductibility of […]

    Read More
  • Changes to the self-managed super fund supervisory levy

    The Superannuation Legislation Amendment Bill 2013 may increase the annual supervisory levy payable by self-managed superannuation funds (SMSF’s) to $300 for the 2013-14 financial year. The annual supervisory levy is paid by SMSF’s to the Tax Office to ensure that […]

    Read More
  • SMSF’s – Tax Certainty for Beneficiaries of Deceased Estates

    The Treasury has released draft legislation into the taxation of superannuation fund assets upon the death of a member. Under the current legislation, investment earnings derived by a self-managed superannuation fund (SMSF) from assets supporting pensions are exempt from tax. […]

    Read More
  • SMSF assets & ownership requirements

    Trustees of SMSF’s are required by law to keep money and other assets of their fund separate from any money and assets that are either held by them personally or by a standard employer-sponsor or an associate of a standard […]

    Read More
  • Getting employers ready for changes to super

    The Tax Office has announced that it will be sending out information to employers with superannuation obligations in April 2013 to assist them in preparing for a range of reforms being implemented from 2013 to 2019.  The two major changes […]

    Read More
Loading...