Superannuation Transfer Balance Cap

By |2018-07-26T14:29:30+10:00April 30th, 2018|Accounting, SMSF, Superannuation, Tax|

Operations of Transfer Balance Cap From 1 July 2017, the amount of super balance you can transfer from your accumulation account into retirement phase is subject to a limit known as the Transfer Balance Cap.  For the 2017-18 financial year, this limit is set at $1.6 million. Every year after, the cap will be indexed [...]

Your Knowledge Update – October 2017

By |2017-10-26T14:24:10+11:00October 10th, 2017|Accounting, Small Business, SMSF, Superannuation, Tax|

In this month's Your Knowledge Update we look at the new franchisor laws aimed at protecting vulnerable workers, reporting regimes for super funds, safe harbour provisions for directors of struggling companies and how to benefit from the Government's push for affordable housing. Download this month's issue here - Your Knowledge Update - October 2017.  

Changes to Non-Concessional Contributions

By |2017-06-06T15:11:19+10:00June 6th, 2017|Accounting, SMSF, Superannuation, Tax|

Changes to Non-Concessional Contributions As a result of the Federal Government’s superannuation reform, there have been major changes to non-concessional superannuation contributions. Unlike concessional contributions, non-concessional contributions are after tax contributions.  Currently, individuals are able to make Non-concessional contributions of up to $180,000 per year or $540,000 over a 3 year period by accessing the [...]