A clear majority of SMSF professionals voted Heffron SMSF Administrator of the Year 2019.

With a new financial year almost upon us, it is time to make ourselves familiar with the various superannuation related thresholds applying for the 2019/20 financial year.

Historically the validity of contribution reserving strategies had been the subject of much debate, with many advisers doubtful they passed the “sniff test” particularly for single member funds.

As the dust settles on the election and everyone steels themselves for the 46th Parliament to commence, it gives us some space and time to reflect on some of the important issues that were thrown around in the heat of the election campaign.

When the clearing house receives the money? Or when the respective superannuation funds receive the money from the clearing house?

Is it just me or do we have a policy review on some topic or another announced every five minutes?

It seems few are more surprised than Scott Morrison that the Liberal / National Coalition will be forming Government after the 18 May election.

The Australian Taxation Office are concerned that a number of SMSFs paying capped defined benefit income streams haven’t met their Pay As You Go obligations and are writing to affected SMSFs.

When a superannuation interest in retirement phase is subject to a family law split, there are two ways to report the Transfer Balance Account debit “event” depending on the type of payment split.

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.

Division 293 tax is the name given to a special extra tax (15%) paid on some or all of the concessional superannuation contributions made for high income earners.

With 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.