All SMSFs to use SuperStream for rollovers from 1 July 2023
SuperStream is a digital process designed to simplify and speed up the processing of employer contributions and rollovers by super … Continued
Tag: Superannuation
Exposure draft of NALE legislation released
In the 2023 Budget the Federal Government announced how it intended to solve the problem of non-arm’s length general expenses … Continued
Will these super changes affect you?
As our superannuation balances grow larger, it makes more sense than ever to keep track of the many rules changes … Continued
Managing the costs of raising children
It is a special feeling to welcome a new child or grandchild into the world and watch them grow. Sharing … Continued
Ensuring you are in the best possible tax health by 30 June 2023
With 30 June approaching, this article draws your attention to year-end tax planning strategies and compliance issues you need to … Continued
Superannuation Benefits and Binding Nominations
Superannuation death benefits have recently been receiving media coverage; particularly in relation to a former Victorian Magistrate, Rodney Higgins, who … Continued
Massive penalties apply for paying superannuation late
Late payment of super can lead to penalties equal to 200% of the amount of superannuation payable. Payment by due … Continued
Five reasons to check your super statements
Superannuation – every working Australian has an account but not all understand it. The legislation of compulsory super contributions was … Continued
Indexation of the Transfer Balance Cap
The All Groups CPI figure for the December 2020 quarter has triggered upward indexation of the general transfer balance cap … Continued
Non Arm’s Length Income (NALI) & Non-Arm’s Length Expenditure (NALE)
ATO transition period due to cease 30 June 2020 One of the benefits of holding investments through a complying superannuation … Continued