ECPI CHANGES IN 2022
Another year, another change in ECPI. To properly understand the 2022 ECPI (Exempt Current Pension Income) changes, we need to start with the changes that took place back in 2017. 2017 changes Fro [...]
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ASK Lime - Episode 3
Hello and welcome to today’s edition of Ask Lime where you get to ask technical SMSF questions and we provide the answers. Today’s question is as follows: I have withdrawn more than the require [...]
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ASK Lime - Episode 2
Welcome to the latest edition of Ask Lime where we answer your SMSF technical questions. Now today’s question is as follows: “As a result of the share market falling, my Pension balance has dropped below $1. [...]
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ASK Lime - Episode 1
We get a lot of technical questions from our clients and we’re always very happy to answer them. So we decided to start a new series called “Ask Lime” where you are going to ask us questions and not onl [...]
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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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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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ECPI CHANGES IN 2022
08 Aug, 2022
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Ask Lime - Episode 5
24 Mar, 2021
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ASK Lime - Episode 4
20 Dec, 2020