Super Thresholds for 2019/20 Financial Year
With a new financial year almost upon us, it is time to make ourselves familiar with the various...
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My client has used a contribution reserving strategy in the 2018/19 financial year but he’s the sole member of his SMSF. Is such a strategy for him “above board”?
Historically the validity of contribution reserving strategies had been the subject of much debate,...
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My client makes superannuation contributions for its employees via the ATO’s Small Business Superannuation Clearing House. When are the contributions deductible to the employer?
When the clearing house receives the money? Or when the respective superannuation funds receive the...
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Do you have a client with an SMSF paying a capped defined benefit income stream?
The Australian Taxation Office (ATO) are concerned that a number of SMSFs paying capped defined...
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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...
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6 Member Fund Concept Shelved
The Government has announced that they will not proceed with their plan to increase the maximum...
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BUDGET: Miscellaneous Amendments / Changes already Legislated
In addition to the Government’s proposed changes to the contribution rules for older Australians...
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Why do pension payments now need to be paid in cash? I’m sure my clients used to be able to take in-specie pension payments.
Well, in fact pension payments have always needed to be paid in cash. Only lump sums can be taken...
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Does your SMSF own a residential investment property? Do you know what deductions are able to be claimed by the fund in connection with that property?
SMSFs can claim deductions for certain expenditure incurred by the fund provided the residential...
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Adding my adult children as members of my SMSF – what are the pros and cons?
As part of the 2018/19 Federal Budget announcements, the Government confirmed that they intend to...
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Parliament has now retired for the 2018 year. Did they leave any unfinished “superannuation business”?
In the final week of Parliament, there were a number of superannuation related measures still to be...
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My client has been offered shares in his employer’s company as part of an employee share scheme
Under the scheme, the employee is able to take up the entitlement themselves or nominate an...
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