Author: Chris Homer

Catch Up Concessional Contribution Cap

17 July in SMSF

There is an exciting opportunity for eligible Australians starting this financial year. It is the ability to bring forward unused concessional contribution caps from prior years if your individual members balance is under $500,000. Whilst the existing concessional cap of $25,000 has not changed, this...

Deductible Contribution Opportunity

23 March in SMSF

If you want to reduce your personal tax this year, you are able to take advantage of changes to the Superannuation contribution rules.In the past, unless you were salary sacrificing, salary and wage earners were not able to contribute to Super to reduce their taxable income. ...

Update – “Downsizing” Contributions

28 February in SMSF

"Downsizing" Contributions Are you over 65 and wish that you had put more money into Superannuation?  Many older Australian's are now realising that topping up Super just before retirement is not as easy as they imagined, or it may now be even impossible for some.From 1...

Salary Sacrificing? Important Message

10 July in SMSF

We would like to remind all clients that from the 1st of July 2017, the concessional contributions cap has been lowered to $25,000 for everyone regardless of age.As this is a significant decrease, it is possible that your current salary sacrifice arrangements with your employer may...

Super Changes – 1.6 Million Pension Transfer Cap

23 November in Australian Superannuation, Government & ATO, Industry News, Latest News, SMSF

[vc_row][vc_column][vc_column_text]On the 9th of November 2016, the Government introduced legislation into Parliament that covers many area's of Superannuation under the auspices of fairness.The legislation is the result of amended 2016-17 budget reforms previously announced.Once passed by the Parliament, these measures will take affect for the 1st...

Super Stream (ESA Codes)

22 September in SMSF

We just want to remind all of our customers and potential customers that Supervision SMSF clients have an ESA (Electronic Services Address) to meet the newly introduced SuperStream Data and Payment Standard.This is your ESA code if you have missed our previous releases. smsfdataflow This service does...

Have you received your SMSF Induction?

20 July in SMSF

Supervision SMSF has been conducting induction meetings for some time with new clients. Not only does it help people to improve their SMSF knowledge but also how Supervision can put it all together for you. We provide this induction as a free 1 hour information...

Paying Too Much for your Existing SMSF?

30 April in SMSF

If you are paying more than $2,640 per year for your SMSF accounting work, regardless of how big your SMSF is and how it is invested then I am sorry to say you are paying too much.It's not normal for accountants to advertise how much...

The Big Inheritance

22 October in Helpful Articles

A major transference of money from the current crop of retirees is now underway. Over the coming years, Baby Boomers will be passing on their remaining Superannuation wealth to their partners, children or in some cases grandchildren. This movement of money will provide the recipients...