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Unpacking the Proposed “$3 Million” Super Tax

What High-Balance Members Need to Know As the 2024–25 financial year draws to a close, superannuants with large balances face a pivotal change. The March 2025 Budget introduced Division 296: a proposal to impose an additional 15 per cent tax on the portion of fund earnings attributable to Total Super Balances (TSB) above $3 million. Although the legislation […]

IMPORTANT: End of Financial Year SMSF Reminders

Building wealth tax effectively within your SMSF should be a priority and approaching the end of the financial year is the ideal time to review your strategy in context of your financial affairs as a whole. Adjustments may be required to help you take advantage of the tax-efficient retirement savings environment, cost benefits and flexibility […]

FIVE Strategic Steps for Building your Super

For most Australians, superannuation represents a lifetime of saving and provides the promise of a bright and comfortable future. It makes good sense to do what you can to maximise your super by contributing as much as possible while you are still working. Regular contributions are most effective for boosting your super balance, but it’s […]

Superannuation & Self-Managed Superannuation Funds (SMSF). 3 of 3: Pensions

by Gemma Kovaloff, Rosenfeld Kant SMSF Division, ASIC Authorised Rep No: 0001250846 In this article, I provide a snapshot of changes that apply to members with a balance of more than $1.6m in an  Account Based Pension (Retirement Income Stream) and/or a Defined Benefit Pension, or any amount in a Transition to Retirement Income Stream (TRIS). I also outline the […]

Superannuation & Self-Managed Superannuation Funds (SMSF). 1 of 3: Summary of key super changes

by Gemma Kovaloff, Rosenfeld Kant SMSF Division, ASIC Authorised Rep No: 0001250846 2016 was a very big year for superannuation and SMSFs. It’s now 9 months since shock waves were sent through the super industry, with the announcement of significant changes to the super rules. Also in 2016 the ‘accountants’ exemption’ (Corporations Regulations (2001)) was removed with […]

Tax Time Count Down

With 30 June 2016 just a few weeks away there are 3 SUPER things you need to consider before then: 1.     Make concessional contributions to receive a maximum tax deduction;2.     Pay the minimum pension.  This ensures your fund’s income is tax free;3.    Check your NCC cap before making further non concessional contributions. Concessional ContributionsThe Concessional […]