The changes to superannuation announced in the 2016 Federal Budget have been passed by Parliament. Amongst those changes was the introduction of a $1.6 million transfer balance cap which limits the tax exemption for assets funding superannuation pensions. This new limit on superannuation will apply from 1 July 2017 and creates additional responsibilities for SMSF…
On Wednesday 9 November 2016 the Government introduced its superannuation legislation which makes changes to the superannuation laws it originally announced in the 2016 Federal Budget. Most of these changes will apply from 1 July 2017 so it might be sensible to for you to start thinking about how your superannuation will be impacted by…
Following my last article on tips for Limited Recourse Borrowing Arrangements (LRBA) in your Self-Managed Super Fund (SMSF), I thought I would follow-up by highlighting some common traps that are all too common out there. Unfortunately these traps catch out many Australians and can create some painful & costly problems, make sure you don’t get caught…
One of the common questions I get asked is can I purchase a property in my super fund. Usually we have to delve a little deeper than just saying yes. We go into depth of the reasons why the client wants to purchase the property in the super fund. After examination we sometimes agree the…
