Defined Benefit Pensions
Many of you have clients with Defined Benefit Pensions. These pensions were all created prior to 2007. While most of these pensions have ceased, I estimate that there are still around 1,000 in place [...]
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The New World of ECPI
Actuarial Certificates and ECPI are changing for the 2017/18 year in 4 ways: The data submitted to Lime (and other actuaries) The way ECPI is calculated The way ECPI is applied Some terminology Change in [...]
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Busting the CGT Relief Myths.
There are a lot of misunderstandings about how GCT Relief works. In this article we look at 4 comon CGT Relief Myths. Myth 1: You can choose whether to apply for CGT relief under Section 294-110 (which app [...]
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How does Segregation work?
One of the positive by-products of the 2017 superannuation changes, is that we now have complete clarity on what constitutes a segregated fund. For example: If a fund has only pension assets then the fund is considere [...]
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The overlooked change to super
There has been lots of talk in the media about the May 2016 Federal Budget proposed superannuation changes. All the talk centres on 3 changes: Lifetime Concessional Contribution limit of $500,000 Maximum Pensio [...]
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Commencing pensions before age 60 (II)
The ATO recently made a private binding ruling (PBR) which implied that payments from Transition to Retirement pensions can be counted towards minimum pension requirements (ie 4% annual pension payment), AND treated [...]
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The Commissioner's Perspective: When you require an Actuarial Certificate
In March 2015 the Assistant Tax Commissioner for SMSFs, Matthew Bambrick, addressed the Tax Institute. One of the most important parts of his speech related to claiming Exempt Pension Income, and in particular when [...]
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SMSF tips for the new financial year
So its a new financial year. You have survived the busy period (well done) and taken a breather. Now it is time to plan for 2015. I suggest you consider 3 simple client strategies at this time of year: [...]
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Commencing Pensions before age 60
I would like to tell you about a little known ruling from the ATO. It's unfortunate that not many people know about it, because lots of people are missing out on a big opportunity. This ruling particularly affects [...]
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Wholesale investor test for SMSFs
In August ASIC finally changed its position on the criteria for SMSFs to be classified as wholesale investors. This change was long overdue and the previous confusion caused significant inconsistency. By way of ba [...]
Read MoreRecent posts
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Defined Benefit Pensions
21 Oct, 2019
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The New World of ECPI
17 Jun, 2018
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Busting the CGT Relief Myths.
03 Dec, 2017