The ATO has advised that from early March 2019, the timeframe for new self-managed super funds (SMSFs) to become ‘Complying’ on Super Fund Lookup (SFLU) will be shorter. Several days after registration, you will now see the fund appear on SFLU as ‘Registered – status not determined’. A few days later, the notice of compliance…
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The ATO on 4 March 2019 have published the super rates and thresholds for the upcoming 2019/20 financial year. There is no change to the concessional contribution (CC) cap of $25,000. Whilst indexation from 1 July 2017 increases in $2,500 increments, the AWOTE indexation was insufficient to trigger and increase. As a result, there…
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It is disappointing that the debate around refundable franking credits has denigrated into class (and age) warfare in regards to who is most ‘entitled’ to the savings expected to be derived through Labor’s proposed policy change should they come into government in May 2019. It was Chris Bowen’s comment that “if you didn’t like our…
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SMSF DAY We’ve had a great initial response to our SMSF day events around Australia between 29 March – 8 April. Having built a highly technical SMSF training day, we get asked what is it that sets apart our training day from other events in the industry? Well, here’s three key reasons why…
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With Treasury Laws Amendment (2018 Measures No. 4) Bill 2018 finally passing the Senate late in 2018, it required further amendments to be passed by the House of Representatives before this ‘fix’ would apply to allow for certain reversionary pensions to continue or move into the retirement phase. Importantly, we have now seen this legislation on…
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