The timing of Transfer Balance Account Reports for SMSFs has been hotly debated ever since the ATO first flagged its view that this should occur outside the normal annual return cycle. The final verdict is now in.

It’s not popular to voice support for the very wealthy, particularly retirees with very large super balances. But they have just been shafted big time in the latest round of super changes.

A good deed should last 5 years as a general rule and we generally recommend a review to our clients after that time rather than every year.

Big news this week with the Government announcing a total backflip on one of its big 2016 Federal Budget measures – the lifetime limit on non-concessional contributions.