As we get closer to the end of the financial year, many SMSF members with pensions will be checking the amounts paid from their fund so far to make sure the minimum payment requirements will be met.

Lodging transfer balance account reports (TBAR) and viewing transfer balance cap (TBC) information is now easier for tax agents but only where they are the tax agent for the individual member.

The 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.

On the superannuation front (and for SMSFs in particular), the 2019-20 Federal Budget was distinctly quiet.

If 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.

The 2019-20 Federal Budget confirmed the changes to contribution rules announced in the Treasurer’s Press Release on 1 April.

In 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.

If you hold insurance cover in a superannuation account separate to your SMSF, you might need to take action to ensure this cover continues.

When the unthinkable strikes, members can access their super tax free, but consider the strategies first.

Those lucky enough to retire early – well before their preservation age – are often confused about when they can access their superannuation.

In the new world of calculating exempt current pension income, if your 100% pension fund receives a contribution, and a new pension is commenced with that amount immediately on receipt, do you need an actuarial certificate?

Well, in fact pension payments have always needed to be paid in cash. Only lump sums can be taken in-specie.