News

Super

Retired Super

Self-employed? You could claim a deduction for saving for your retirement

A recent change to the rules around superannuation means that more Australians may be eligible to claim a tax deduction for putting money into super.

Read more
Smsf Trustee

How to deal with SMSF trustee disputes

Everyone goes through the odd rough patch in their relationships with one another and SMSF trustees are no different. However the ramifications of a dispute between trustees are likely to have more wide ranging affects than the average quarrel between friends as SMSF trustees have vested interests, established duties and legal responsibilities towards the fund, where if breached, can result in severe penalties that could affect members’ retirement benefits.

Read more
Balance 2121323 1920

The proportioning rule and your SMSF: It’s all about balance

When calculating a super benefit, it is necessary to identify and determine the value of the various components that make up the benefit. The law around superannuation dictates that the tax-free component and taxable components of a member’s payment must be paid in the same proportion as the tax-free and taxable components of the member’s interest. This requirement is known as the proportioning rule.

Read more
Parliament House 168300 1920 1

Federal Budget 2018

The item that may receive the most analysis from the whole of this year’s federal budget will be the increase of the 32.5% tax bracket, and an expansion of the Low Income Tax Offset.

Read more
4309

Superannuation contributions “work test” for over 65s

Whether or not the trustee of a complying superannuation fund can accept member contributions for those aged between 65 and 75 depends on the member satisfying a “work test”.

Read more
Footbridge 377525 1920

SMSF commutation requests: How to get the green light from the ATO

The ATO has issued guidance on its approach to commutation requests, which is an essential piece of information for SMSF trustees because it explains which commutation requests will not be subject to an ATO review.

Read more

Our Management Credentials