The decision by Labor to announce a change to tax concessions within super was hardly a surprise, and so was the mechanism they propose to deliver this outcome. A hard cap of $3 million was never going to work, so the only logical step was to introduce a higher earnings tax on member benefits above…
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After announcing the proposed measures to introduce an additional 15% tax rate on fund earnings for member’s with a total super balance (TSB) above $3 million, it didn’t take too long for Treasury to provide guidance on how these rules intend to work. As part of the Treasurer’s announcement, a fact sheet was released that…
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It’s been a lot fun getting out on the road, travelling around Australia for our showcase full day CPD training events, the SMSF Day 2023. For the first time, our events had brought together CEO, Aaron Dunn, with our new SMSF Technical & Education Manager, Tim Miller. In reviewing the feedback from attendees so far,…
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There’s a growing importance and complexity that comes with SMSF pension documents. For many practitioners, there’s a continued reliance on your SMSF software to prepare pension documents, which raises a number of risks and important considerations. You can watch this recent webinar, where Aaron Dunn unpacks many of the issues in comparing standard SMSF…
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Whilst many within the SMSF sector have the occasional and often necessary grumble at the pain points experienced when trying to do rollovers via SuperStream , mandatory for an SMSF since 1 October 2021, recent concessions by the ATO highlight that the Regulator is both willing and able to act when approached directly about impractical…
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