SMSF

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...

Budget 2016/17 Changes to Super

26 May in SMSF

2016 Federal BudgetThere have been some big changes in to Superannuation in the recent budget. It is important to note that at this stage the changes have not been legislated, however with opposition support in the majority of policy positions, it is likely that...

Unlock SMSF Speed X 4

26 April in SMSF

There are four factors that contribute to better Super outcomes:  Contributions, Expenses, Investment Returns & Tax.  Mastering the four factors will revolutionise how you grow your Super.  But you can't master it if you are working on outdated information.Planning has immense power to improve your...

Are we there yet?

22 January in SMSF

Since April 2015 the All Ordinaries index representing the Australian share market has fallen 17.5% from its peak near 6000 points to sit just under 5000 points. This fall represents a lower expectation on the Australian economy and in particular the anticipated financial performance of...

Don’t Leave 2016 to Chance

12 January in SMSF

The end of year break is typically a time where we reflect upon the year that just past. We may reflect upon our relationships, health, occupation, accommodation, holidays and finances. Many people will reflect upon the past year and then simply hope for a better...

Super Gateway Gets a Makeover

18 November in SMSF

You may have noticed the words "Super Gateway" appears next to "Client Login" in the top right hand corner of our website.What is cool is that you can now go directly to your transaction accounts without logging in to Gateway first, so it's a bit...

Preservation Components on your Members Statements

09 November in SMSF

You may have wondered what Preservation components mean on your members statement? The main terms that you will find on your statement are, preserved benefits (PBs), restricted non-preserved benefits (RNPBs) or unrestricted non-preserved benefits (UNPBs).Since 1999, all contributions and any earnings inside of your SMSF...

UK Pension Transfers

05 November in SMSF

It is common practice for UK Citizens to roll over their UK pension plan into an Australian qualifying superannuation fund upon arrival in Australia.  These receiving Superannuation Funds were known as QROPS (Qualified Recognised Overseas Pension Schemes).  They were given this qualification by the HM...

Latest SMSF Borrowing Statistics Released

28 October in SMSF

The latest ATO statistics report on SMSFs ending June 2015 have confirmed that LRBAs (borrowing arrangements in Super) are worth approximately $15.6 Billion.  That sounds like a  large number and it is, but to put it in perspective it only represents 3% of total assets...

SMSF Lending here to stay – For Now!

21 October in SMSF

Great News for those investors seeking to incorporate lending within an SMSF to purchase investment property!After months of speculation on whether the government will ban SMSF’s from lending, the government announced that it does not agree with the FSI’s recommendation to prohibit limited recourse borrowing...

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...

Centrelink deeming rules less than a month away!

02 December in SMSF

Changes to Centrelink Deeming Provisions are upon usAre you considering a new pension or changing an existing pensionUnder the current Centrelink deeming rules, individuals’ financial assets are deemed to earn a certain amount of income, regardless of what they actually earn.Deeming is used to calculate...