ATO extends due date for 2016–17 SMSF returns

This week the ATO announced that it will extend the due date for lodgment of self-managed superannuation fund (SMSF) annual returns for 2016–17 to 30 June 2018. Deputy Commissioner James O’Halloran said “We recognise there are some major new considerations and decisions for SMSFs and their advisers to make in this first financial year of … Continue reading ATO extends due date for 2016–17 SMSF returns

Important Changes to How We Communicate

We hope you had a great Christmas and New Year celebrations with family and friends. Our team is coming back to work, refreshed and excited about the year ahead. We are starting the year by rolling out some important improvements to our services. Our top priority is to deliver better customer service, all the time, … Continue reading Important Changes to How We Communicate

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 … Continue reading Superannuation death benefits – Review succession plans

Trust Deed – Updates

Trust deeds in the new SMSF world – Benefit payments and estate planning Your superannuation trust deed along with the superannuation laws form the governing rules that self managed super funds (SMSFs) needs to operate by. The introduction of the $1.6 million transfer balance cap (TBC) and new transition to retirement income stream (TRIS) rules … Continue reading Trust Deed – Updates

Federal Budget 2017/18

Government delivers stability in 2017-18 Federal Budget Stability and confidence for superannuation is the good news coming out of the 2017-18 Federal Budget. With SMSF members still working through the wide-reaching and complex superannuation changes of the last Budget which take effect from 1 July 2017, this Budget’s minimal changes will result in a period … Continue reading Federal Budget 2017/18