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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Federal Election 2019 - where are we now?
It seems few are more surprised than Scott Morrison that the Liberal / National Coalition will be...
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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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Family Law Payment Splits of a Retirement Phase Pension Account – reporting for Transfer Balance Cap purposes
When a superannuation interest in retirement phase is subject to a family law split, there are two...
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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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Division 293 tax – when is it paid?
Division 293 tax is the name given to a special extra tax (15%) paid on some or all of the...
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Banning franking credit refunds - is there another way
With the Federal election looming, the Australian Labor Party’s policy to prevent many taxpayers...
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Election Special: The key differences in policies when it comes to retirement savings
And they’re off! The long-awaited election campaign is now finally in full swing and babies are...
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My client has excess concessional contributions and their Total Super Balance exceeds $1.6m. What happens now?
While the rules surrounding excess contributions have remained relatively stable for some time now,...
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Franking Credit Refunds
Top of mind for many SMSF trustees – particularly retirees - is the upcoming Federal Election and...
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