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 [...]
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 [...]
by Gemma Kovaloff, Rosenfeld Kant SMSF Division, ASIC Authorised Rep No: 0001250846 In Part 1 of my Superannuation & SMSF series I summarise the key super changes. In Part 2 we delve deeper into the changes to contribution caps, rules and thresholds, the majority of which come into effect on 1 July 2017. Â Knowing and [...]
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 [...]
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 [...]
