What’s the point of Transition to Retirement Income Streams post 1 July 2017?
The Government’s 1 July 2017 tax changes caused Transition to Retirement Income Streams (TRIS) to fall out of favour with many advisers and their clients.
Read MoreThe Government’s 1 July 2017 tax changes caused Transition to Retirement Income Streams (TRIS) to fall out of favour with many advisers and their clients.
Read MoreWith the Federal election looming, the Australian Labor Party’s policy to prevent many taxpayers from receiving a refund for their franking credits has certainly become a dominant issue for many retirees, particularly those with SMSFs.
Read MoreAnd they’re off! The long-awaited election campaign is now finally in full swing and babies are being kissed, working families praised and the nightly news shows too many politicians.
Read MoreThe Government has announced that they will not proceed with their plan to increase the maximum number of members of SMSFs and small APRA funds from four to six.
Read MoreOn the superannuation front (and for SMSFs in particular), the 2019-20 Federal Budget was distinctly quiet.
Read MoreIf the four short paragraphs about ECPI had been included in the 2016-17 Federal Budget, the Government could have saved actuaries and software providers hundreds of thousands of dollars in software development costs.
Read MoreThe 2019-20 Federal Budget confirmed the changes to contribution rules announced in the Treasurer’s Press Release on 1 April.
Read MoreIn addition to the Government’s proposed changes to the contribution rules for older Australians and also exempt current pension income, they’ve proposed a couple of miscellaneous amendments.
Read MoreAll SMSFs trustees are required to appoint an approved auditor to audit the operations of their fund each year. This annual audit must include both a financial audit and compliance audit.
Read MoreIn the final week of Parliament, there were a number of superannuation related measures still to be passed into law.
Read MoreAs part of the 2018/19 Federal Budget announcements, the Government confirmed that they intend to legislate to increase the maximum number of members that can belong to a single SMSF from four to six.
Read MoreIn the May 2018 Federal Budget, the Government announced plans to extend the ability for recent retires to make contributions to superannuation from 1 July 2019. This change has now been legislated.
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