News : Superannuation

Work test, legacy pension details clarified

June 4, 2021

The government has clarified how the proposed work test and non-concessional contribution bring-forward rules outlined in the budget will operate.

read more

Residential Property, Superannuation

SMSF residency rules simplified

May 21, 2021

Darin Tyson-Chan

Changes to SMSFs residency rules, including the scrapping of the active member test, are expected to significantly simplify the superannuation system.

read more

Pensions, Superannuation

Legacy pension issues addressed

May 21, 2021

Darin Tyson-Chan

The decision in this year’s budget to give individuals a two-year opportunity to commute legacy pensions has been well received by SMSF stakeholders.

read more

Superannuation

Early super release a great success

May 7, 2021

Darin Tyson-Chan

The decision that enabled Australians legitimate early access to superannuation as a response to COVID-19 has been described as a success.

read more

Strategy, Superannuation

Downsizer contribution misconception clarified

April 23, 2021

Jason Spits

Downsizer contributions will not be restricted only to funds secured from a property sale, with the ATO confirming its focus is on the amount and eligibility of the contribution.

read more

Superannuation

Peak TBA level fixes indexation

April 9, 2021

Darin Tyson-Chan

The highest recorded transfer balance account amount determines how much of the transfer balance cap indexation an individual is entitled to use.

read more

Retirement, Superannuation

Majority of retirees running out of super

April 9, 2021

Jason Spits

New research has found most retirees currently run out of super well before their death, contrasting recent claims they are sitting on large sums.

read more

Superannuation, Tax

NALE no-action period extended

March 26, 2021

Jason Spits

The ATO will not take action in regards to non-arm’s-length expenses for another year, but has yet to decide on a final position on the matter.

read more

Superannuation

Contributions cap breaches not catastrophic

March 26, 2021

Darin Tyson-Chan

A breach of the contributions caps is not a complete disaster as it does not even constitute contravening the superannuation legislation.

read more

Superannuation

Super must be used better

March 12, 2021

Darin Tyson-Chan

The federal government has identified the need to encourage individuals to find better ways to use their superannuation savings as a key area of focus in the coming years. Speaking at the Council on the Ageing Australia National Policy Forum 2021: Retirement Incomes in Canberra recently, Superannuation, Financial Services and the Digital Economy Minister Jane […]

read more