A new streamlined product has just been launched, promising low costs and low interest rates. Find out what this means for your residential self-managed superannuation fund (SMSF) loans.
Great opportunity to re-finance your SMSF loan
TAG Superannuation Strategies Online Seminar
Join us online for this year’s Superannuation Strategies Seminar!
We will be covering topics including the indexation repercussions, practical implications of divorce, securing your retirement nest egg, unravelling super assets and the latest industry updates.
Webinar Now Available: EOFY Super Strategies & Federal Budget Update
Indexation of several superannuation thresholds will commence on the 1st July. These changes will mean that pensions and contributions are about to become more complex. Learn about how this will affect your clients
Unused bring forward cap – a contribution example
What happens if a member triggered but doesn’t fully utilise their bring forward Non-Concessional Contribution (NCC) cap, and in the following financial year, they wish to utilise the balance? How much can they contribute? Our experts have the answer.
Could your clients ‘catch up’ on contributions before 30 June 2021?
‘Catch up’ contributions were introduced on 1 July 2018, whereby any ‘unused’ contributions in the member’s concessional contributions cap could be caught up and made into their superannuation fund during the following financial years.
What does this mean for your clients?
ATO releases guidance on auditor independence
Changes to the APES 110 Code of Ethics became effective on 1 January 2020 for all Professional Accountants and SMSF Auditors. The new independence standards become compulsory from 1 July 2021.
How does this affect you?
Conflicts of Interest in Paying SMSF Death Benefits
In the absence of a valid death benefit nomination, a trustee can exercise their discretion under the fund’s trust deed on payment of the death benefits to beneficiaries. As a result of this discretion, conflicts may arise where the trustee is also a beneficiary of the deceased.
Additional Super Cap increases from 1 July 2021
Following on from the recent announcement of the Transfer Balance Cap increasing on 1 July 2021, contribution caps are also on the rise for the first time since the introduction of Simple Super on 1 July 2017.
What does this mean for your super?
The Transfer Balance Cap is increasing
Read our latest blog to learn the upcoming changes to Transfer Balance Cap, effective from 1 July 2021.
Superannuation – What to expect in 2021
TAG Manager Emma Partenza outlines some of the superannuation changes that we can expect in 2021…
What does the Federal Budget mean for SMSF advice?
Although the Federal Budget was subdued in terms of superannuation announcements, the references to super will create change within the industry.
Superannuation Guarantee Amnesty finishes 7 Sept 2020
Employers wishing to participate in the superannuation guarantee amnesty have until 7th September 2020 to apply to participate. So you need to act now!