2020 Super top up strategy
Unused concessional cap carry forward Potentially top-up super 2020 concessional contributions with any unused gap from the 2019 year. From 1 July 2018, if you have a total superannuation balance of Read More…
Coronavirus Economic Stimulus Package UPDATE
Supporting Australian workers and business The Commonwealth Government has released the second stage of its stimulus plan to cushion the economic impact of the coronavirus and help build a bridge Read More…
SMS for SMSF
ATO to email, SMS SMSF changes In the interests of protecting self-managed super fund (SMSF) members and their retirement savings from fraud and misconduct, the ATO has announced it will Read More…
Other superannuation legislation
Government passes other superannuation legislation The Government has recently passed legislation requiring insurance in superannuation for new members under 25, and members with low balance accounts, to only be offered Read More…
Taxpayer liable for excess transfer balance tax
Taxpayer liable for excess transfer balance tax despite commutations A taxpayer has unsuccessfully tried to challenge an excess transfer balance tax liability, despite following the ATO’s instructions. The taxpayer was Read More…