News & Insights
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Trustee
My SMSF owns property – what can I (legally) do to enhance its value myself?
When it comes to enhancing the value of SMSF investments, there are two key risks to think about. The first is that SMSFs have ...
Meg's Musings
Meg's Musings – September 2024
We’re now well into our Super Intensive Day series with only one more live event and then the virtual day. As usual, our team ...
What's new at Heffron
Updates and additional Guides in Super Companion – August 2024
We have made updates to some of our existing materials and created new guides and FAQs in our Super Companion. We have made ...
Pension
Winding up a pension fund should be handled with care
It’s common to assume that once a member decides to wind up their SMSF, it should just happen as quickly as possible. But ...
Meg's Musings
Meg's Musings – August 2024
I’ve been knee deep in spreadsheets for the last month – yet more modeling on Division 296 tax...when there might be good ...
Legislation
Division 296 – more than just a new tax
If legislated in their current form, the new Division 296 tax rules (the extra tax for those with more than $3m in super) will ...
Tax
NALE – there’s still work to be done
Recent legislative amendments have reduced the tax penalty for some expense shortfalls but not all. All or part of an SMSF’s ...
What's new at Heffron
Updated Client Resources in Super Companion – July 2024
We have recently updated some of our client resources in the Super Companion including; Facts & Figures 2024/25 Client ...
Property
Missing the contribution deadline
With 30 June 2024 falling on a Sunday, a number of contributions made late in the financial year failed to make it into the ...
Contribution
Bring forward rules when caps are changing
The contribution caps change from 1 July 2024. In particular, the annual non-concessional cap goes from $110,000 to $120,000. ...
Meg's Musings
Meg's Musings – July 2024
Happy new financial year and I hope your run up to 30 June was as uneventful as possible. I always find a new financial year ...
What's new at Heffron
Additions and Updates to Heffron's Super Companion – June 2024
We have made some big updates and additions to our Super Companion this month, including: Our latest version of our Windup and ...
