With Labor threatening to reinstate the 10 per cent test if elected, SMSF clients may want to make the most of their ability to claim deductions for personal contributions this financial year, says a technical expert.
Key points – The 2019-20 Budget “delivers” the long-awaited surplus and increased fiscal stimulus mainly via tax cuts/offsets. – The main risk is that the revenue boost is not sustained…
As Australia’s $2.8-trillion super system attracts even more headlines than usual, more people may mistakenly assume that almost everyone in the workforce is covered by at least compulsory contributions.
The ATO has identified certain red flags and problem areas with SMSFs that will attract its attention, ahead of tax time 2019.
With the new year upon us, now is a good time to get your superannuation into shape. Figures released in 2018 showed duplicate account fees and insurance premiums had eroded…
LRBA – Limited recourse borrowing arrangements
TBAR – Transfer balance account reporting
For most of my 20s, super occupied a space in my brain alongside anti-aging creams, bingo and dentures: things I wouldn’t have to worry about for a long, long time….
If you could add $61,000 to your super fund in 10 years, would you do it?