News & Insights
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Contribution
Will contribution caps be indexed on 1 July 2023?
Share now Whilst the news last week was all about the Government’s proposed changes to super tax concessions, the fact that ...
Pension
Should I wait until July to start my pension?
There has been plenty of press over the last few weeks about the fact that the “transfer balance cap” will increase to $1.9 ...
Meg's Musings
Meg's Musings – March 2023
It’s been a busy week or two in superannuation. The Government’s announcements around increasing taxes for those with more than ...
Tax
Special extra tax for $3m super balances – an update
Since Lyn Formica wrote her excellent blog on Tuesday 28 February, Treasury has released much more information about the ...
Legislation
Labor to reduce tax concessions for super balances above $3m
See our updated blog post prepared as more information has become available. Despite weeks of the Government stating they ...
Meg's Musings
Meg's Musings – February 2023
Welcome to our first Heffron Highlights for 2023. If you were able to have a break with friends and family, I hope you enjoyed ...
Pension
Is segregation just about pension accounts or can accumulation accounts be segregated too?
When we use the term “segregation” or refer to an asset as being “segregated” in a superannuation fund, we are generally ...
Pension
New thresholds for Commonwealth Seniors’ Health Card a gamechanger
Many older Australians place a high value on their Commonwealth Seniors’ Health Card (CSHC). It is only available to people who ...
Trustee
When it's worth being a shareholder in your SMSF trustee company
Ownership of the shares gives the original members just a little more power when other family members get involved. About 60 ...
Trustee
Can SMSFs lend money?
SMSFs can certainly borrow to invest – but only under strict conditions as part of a “limited recourse borrowing arrangement” ...
Legislation
Director ID exemption for resigned directors
In a welcome move, overnight the ATO announced they intend to amend the law so directors who resign or are removed before 1 ...
Trustee
My SMSF owns a property - could I live in it?
It’s almost always a hard “no” to this question. There are some exceptions – for example, if the SMSF owned a hotel and it was ...
