
Valuations for Year End Reporting
It is a legal requirement that all SMSFs record and report all assets at market value. Failure to report assets at market value or misrepresenting
Read More
How to view your Transfer Balance Cap
From 1 July 2017 a cap was introduced to limit how much can be transferred to a retirement phase pension for a member (and be
Read More
Transfer Balance Account Reporting
Transfer Balance Account Reporting From 1 July 2017, three inter-related concepts were introduced to Superannuation. • Transfer Balance Cap (TBC) – This is the maximum
Read More
Indexing the Personal Transfer Balance Cap
The General Transfer Balance Cap (GTBC) was introduced from 1 July 2017 and is a cap on the how much can be transferred to a
Read More
Excess Non-Concessional Contributions
The non-concessional contributions cap is $110,000 from 1 July 2021, however the ability to contribute to super is dependent on an individual’s Total Superannuation Balance
Read More
Excess Concessional Contributions
The concessional contribution cap is $27,500 from 1 July 2021. With the ability to carry forward unused concessional contributions over a 5 year rolling period
Read More
Understanding super terminology
An individual’s Transfer Balance Cap (TBC) and Total Superannuation Balance (TSB) are calculated differently andare separate concepts. When the super reforms of 2017 came into
Read More
Deciding on your SMSF Trustee
Deciding on the type of trustee which will be responsible for your SMSF is important.There are two types of structures available: To read this fact
Read More
Key Rates and thresholds for 2021/22 Financial Year
Superannuation contributions and benefits are subject to various rates of taxation often linked to indexed thresholds. Similarly, eligibility for various Government schemes are also linked
Read More
Bring Forward Contributions
The ability to bring-forward future year entitlements to make non-concessional contributions has been in place for many years now. Prior to 1 July 2020 this
Read More