The end of the financial year always seems to crop up faster than it should. Given the impending July 2017 superannuation changes, being on top of your end of financial year planning is as important as it has ever been. This year it is essential that you consider maximising the existing contribution limits for superannuation […]
Superannuation year end planning for the 2016/17 financial year Read More »
Australia’s superannuation legislation will change significantly from 1 July 2017. But if you think the changes won’t affect you, think again. Here’s why.
Australia’s 2017 superannuation changes: How you’ll be affected Read More »
SMSF Property Investment A self-managed super fund (SMSF) is defined as a fund established by one to four people for the sole purpose of providing retirement benefits. While SMSFs enjoy the same financial benefits and concessions as retail or industry super funds, the key difference and the attraction for many people is the ability for
SMSF PROPERTY INVESTMENT Read More »
Wealth creation can happen in many ways and setting up a SMSF is one way of helping your reach your goal when you retire. In Australia, Self Managed Super Funds (SMSF), are becoming increasingly popular with individuals. The incentive to take control of your super especially after the Global Financial crisis in 2008, and the
IS SMSF RIGHT FOR ME Read More »
Higher Concessional Caps Each year you’re entitled to make super contributions. Superannuation contributions can be divid-ed into two types – concessional (before tax) and non-concessional (after tax). Concessional caps include employer contributions, even those made under salary sacrifice arrangements, and tax de-ductible input by an individual. If you have more than one fund, all of
New Contribution Caps Read More »
1. ‘Deeming rules’ will apply to superannuation pensions which commence on or after the 1st January 2015. For the purpose of Centrelink pension income test, superannuation income streams aren’t current-ly subject to the same ‘deeming rules’ that apply to financial investments like shares and term de-posits. Until now, super pensions have been excluded from the
3 Things To Know About the New Budget and Your CentreLink Pension Read More »
When people start a pension they take advantage of receiving a tax free income attributed to their pension balance. It’s called exempt current pension income, which includes any income from the income producing assets, such as bank interest, dividends, distributions, rental property income. When Super Fund doesn’t have any member in pension, any income plus
What to do if trustee didn’t take a minimum pension out from the Super Fund? Read More »
Staff Training The financial services world is extremely competitive today and it has become very important for organizations to ensure that their staff members can proactively identify practical but innovative solutions for their clients in order to keep them happy. At SMSF Consulting we have helped innumerable organizations keep up with the growing needs of
