End of the financial year – is your SMSF ready?

With the end of the financial year fast approaching, now is the perfect time to ensure everything is in place for your SMSF before 30 June. The following are some superannuation strategies that you might want to know more about to get the best out of your SMSF. Contribution caps Before the end of the …

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What is my non-concessional contributions cap?

Reproduced with permission - see end of article Contribution rules changed substantially from 1 July 2017. The reduction of the non-concessional contributions cap to $100,000 per person per year from 1 July 2017 has been widely discussed. There are some other changes that are equally as important and easy to overlook. TOTAL SUPERANNUATION BALANCE CONDITION There …

Superannuation death benefits – Review succession plans

The changes to superannuation announced in the 2016 Federal Budget have been passed by Parliament with the majority of reforms taking effect on 1 July 2017. One significant change relates to the introduction of the transfer balance cap (TBC) and the limit this imposes on the amount of capital that an individual can use to …

The $1.6 million transfer balance cap

The $1.6 million transfer balance cap – what does it mean for you? The changes to superannuation announced in the 2016 Federal Budget have been passed by Parliament. Amongst those changes was the introduction of a $1.6 million transfer balance cap which limits the tax exemption for assets funding superannuation pensions. This new limit on …