We are very proud to have recently won the best Training & Education Provider at the SMSF and Accounting Awards in Victoria. It is great recognition of all the hard work by the entire team in how we deliver training and courses to the broader financial services community. The award now sits proudly in the office…
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Having started this project back in May 2018, we are pleased to advise that on Monday, 12 November 2018 the Future of SMSF final report will be released. The report is the largest we’ve ever produced from a record number 488 participants. The final report includes 10 chapters, 14,878 words and 47 charts & diagrams…
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As we’ve moved through a phase of implementation with the superannuation reforms from 1 July 2017, a range of relatively small, but important issues have been flagged with Government regarding the treatment of Market Linked Pensions, and death benefit rollovers. Market Linked Pension commutations For Market Linked Pensions, any pre-existing income stream was initially…
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One of the distinctive differences under the transfer balance cap rules with reversionary and non-reversionary is the timing of transfer balance account reporting (TBAR) of the income stream. For any new pension that commences where the pension does not automatically continue to the reversionary beneficiary, the benefit is required to be ‘cashed’ as soon as…
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#TBARmaggedon has arrived… The first regular reporting date for transfer balance account (TBA) purposes occurs on 28 October 2018 for fund’s that need to report quarterly. This due date will require the fund to report ‘events’ from both: the 2017-18 financial year; and first quarter of 2018-19 financial year (July – September 2018). For SMSFs, transfer…
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