TBAR changes are coming
Late last year, the ATO announced they were reviewing the current deadlines for lodging TBARs with...
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Making the most of an SMSF's flexibility with pension payments
Every time I meet someone (professionally or personally) with a “large fund” bias, I am reminded...
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Draft legislation for legacy pensions
Just before Christmas, there was another small step towards resolution for those with “legacy...
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Legacy pensions–why the amnesty announced in the Budget should not include taxing reserves
The announcement of a two year amnesty, possibly starting as soon as 1 July 2022, was music to the...
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Plunging super values don't mean you can top up
Q: I’m 70 and I started my superannuation pension years ago. In 2017 it was reset to $1.6 million...
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Limited solution to market linked pension commutation problem
Holders of a market linked pension (sometimes known as a term allocated pension) and/or a complying...
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Event Based Reporting
With the 1 July 2017 introduction of the $1.6m Transfer Balance Cap (or “pension cap” as some...
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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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TBAR deadlines for SMSFs - the final verdict
The timing of TBARs (Transfer Balance Account Reports) for SMSFs has been hotly debated ever since...
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