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 [...]
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 [...]
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
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 [...]
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: [...]
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 [...]
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 [...]
The most common question we are asked is "does my SMSF need an actuarial certificate?".
The best way to start this article is to look at the situations where Actuarial Certificates are certainly not required. If a [...]
Each SMSF can either be run as a segregated or unsegregated fund. Segregated funds hold separate asset pools that are specific to different members or specific to pension versus accumulation balances. Unsegregated funds [...]
This post discusses how to get the maximum amount into super using the Bring Forward Rule. While this applies in any year, it is particularly relevant for the remainder of the 2014 financial year.
Suppose your cli [...]