Pension planning for 30 June 2018
Winter has arrived and that means it is time to get all our pre-30 June planning finalised.
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My client’s husband died in March 2018. On his death, his account based pension automatically reverted to her. When will the value of this pension count towards her Total Superannuation Balance?
Your client became the “owner” of the pension on the day of her husband’s passing. This means the...
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My client’s wife died in August 2017. On her death, her acc based pension automatically reverted to him. When do I need to complete a TBAR to report the reversion of the pension and what do I show?
The TBAR system revolves around the reporting of “events”, hence the name “events-based reporting”.
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Could children in the fund help beat the ALP proposal to remove franking credit refunds?
As the Bank Inquiry dominated news headlines in recent days the government announced a change that...
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What is “deemed segregation” when it’s at home?
With some new rules for actuarial certificates coming in from 1 July 2017, the term "deemed...
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My client is currently in receipt of a transition to retirement income stream (TRIS). He will turn 65 next month. Does his TRIS automatically become an account based pension on his 65th birthday?
And is the minimum pension for the current year recalculated on his 65th birthday? ...
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SMSFs and reserves - new guidance from the ATO
The ATO has recently issued its first guidance on reserves in SMSFs via a brand new series of...
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Does the minimum pension need to be paid in the year the pensioner dies?
It depends on whether the pension reverted (continued automatically) to a reversionary beneficiary...
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Company Directors & Gainful Employment
It is a well established principle that company directors are not considered common law employees,...
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CGT relief – five traps emerging at the pointy end of the year
We are definitely at the business end of 2017/18 when it comes to discovering just where the...
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Super Concepts buys More Super
It was pretty big news in SMSF circles today when SuperConcepts announced they had bought More...
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SMSF. Crypto. Bitcoin. What’s all the fuss?
Why is there so much focus on SMSFs and Bitcoin? Mainly because it’s new and sexy. ...
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