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 […]
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 […]
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 […]
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 […]
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 […]
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. […]
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 […]
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 […]
The short answer in principle is: the lower the investment in stocks the better. Apart from buffer stocks that businesses sometimes need in case of shortages of supply and strategic stocks in case of war, sudden changes in demand and […]
Well, to illustrate the importance of knowing what your customers really want… let’s take a real life example from the property industry. A property development and building company was promoting a new complex. The company thought the major reason tenants […]
