Two superannuation bills, which include the proposed introduction of the $1.6 million transfer balance cap and changes to concessional contributions, have been passed by both houses. The Treasury Laws Amendment (Fair and Sustainable Superannuation) Bill 2016 and the Superannuation (Excess Transfer Balance Tax) Imposition Bill 2016 has been passed by both houses, according to the […]
Playing a sport is widely acknowledged to have benefits beyond the physical, with sporty folks commonly reporting below-average rates of anxiety, stress and depression. And according to the latest Roy Morgan data, Australians who play golf are among the least susceptible to these mental health conditions. For example, while 15.1% of Aussie adults suffer depression […]
As the end of the year is drawing rapidly to a close it may feel like the changes to the Asset Test for the Aged Pension have just been drawn up, however, these were announced in the 2015 Federal Budget. You may be asking yourself, “what does this really mean for me – and what […]
A huge Thank You to all that attended this morning’s Superannuation Update. It was a packed room & heaps of questions answered. Thank you also to our presenter James Street.
Don’t forget some of you have to lodge your Tax Returns by the end of this month…..you know who you are…..
Please join Bob & myself for morning tea in the Alchemy Boardroom on Wednesday 26th October at 10.am. This is for our clients who want to hear how the recent changes may affect their retirement & super contribution plans. (See blog Budget Backflips published 16.09.2016). We have as Guest Speaker a SMSF Specialist, James Street. We […]
The SMSF Association is the authoritative voice for the self-managed superannuation fund sector. The Association, which represents professionals providing a range of services across various disciplines in the complex area of SMSFs as well as engaging trustees to become better educated and informed. The SMSF Association is an advocate for the highest professional standards and […]
The Federal Government has dropped its $500,000 superannuation cap measure. In a move aimed at placating the Coalition back-bench and ensuring the passage of the Government’s broader superannuation package through the Parliament, Treasurer Scott Morrison confirmed the changes to the cap measure today. The Treasurer said the $500,000 lifetime non-concessional cap will be replaced by […]
Look who had lunch with Bob on Thursday. Wonderful time & thank you Michael Clarke.
Lets start early this year to work out your June 2016 BAS & then we can start on the Tax Returns. Let us know if you need help with end of year rollovers or your Payroll. See you soon.