Where to from here? Legislation in limbo at the end of 2018

Contributions, Federal Budget, Income Streams, Total Superannuation BalanceLeave a comment

With Parliament now having risen for the Christmas/New Year break, there remains a whole raft of Bills that are yet to pass both houses that play a significant role across superannuation and SMSF reforms. The table below outlines a range of announcements and measures that remain unresolved at the end of 2018.   Matter Status…

SMSFs to provide an accumulation phase value in certain circumstances

Income Streams, Total Superannuation BalanceLeave a comment

The ATO has provided further information on the reporting in certain circumstances of a member’s Accumulation Phase Value within the Transfer Balance Account Report (TBAR). SMSFs will need to provide an accumulation phase value (APV) on a transfer balance account report (TBAR) for 30 June 2017 in certain circumstances. APV is a component of a…