As end of financial year approaches, we have outlined some of the key tax considerations for your clients below.
Tax Planning for Individuals 2024
Reminder: Add your reset CGT tax liability on realisation of investments
When the Federal Government introduced Simple Super in 2017, any amounts that were held in pension phase above the general transfer balance cap, had to be commuted to accumulation to comply.
2024-25 Federal Budget – Businesses | Individuals | Superannuation
The Federal Treasurer, Dr Jim Chalmers, handed down the 2024–25 Federal Budget on 14 May 2024. The following provides the key points in relation to business, individuals and superannuation.
Illiquid Assets in SMSFs – Strategies in Retirement
As our superannuation clients get older and their health starts to deteriorate, members start to consider their options with their SMSF. In this article, superannuation expert Emma Partenza takes you through an example strategy.
Change to super guarantee contributions into SMSFs
A major update to the small business superannuation clearing house (SBSCH) was introduced on 15 March 2024 that potentially impacts businesses being able to make superannuation guarantee contributions into SMSFs.
The ATO’s role in SMSF investment strategy
Michelle Griffiths, our Investment Advice & Wealth Partner was recently quoted in Self Managed Super magazine. The article highlights the ATO’s role in assessing whether a SMSF investment strategy is appropriate.
SMSF Q&A Corner: Insights for Accountants
In this segment, we aim to provide expert insights into the questions you may have. Whether you’re an experienced SMSF accountant or just dipping your toes into the realm of superannuation, our team at TAG is here to guide you through any challenges.
TAG Super Strategies Seminar 2024 – Registrations Now Open!
Step away from the office and join us in Melbourne CBD (livestream available) for delicious food, in-depth superannuation discussions and case studies surrounding strategies to help you maximise your client’s super.
Contribution Caps to Increase
The government has announced that contribution caps will increase with effect from 1 July 2024. Read more in this article.
Starting a client’s pension? What needs to be considered…
Your client has worked hard to build up their superannuation, and now it’s time to transition to a pension. Yet, beneath the surface lies a wealth of financial considerations crucial for shaping your future stability. It’s akin to an iceberg, with the pension representing merely the visible tip, while a myriad of vital considerations remain hidden below.
Calling for your best SMSF question
We are launching a new segment where accounting firms can connect, exchange ideas, pose questions, and share real-life case studies related to superannuation.
Superannuation – what 2024 should bring
In this article we provide an overview of where we are at with superannuation as we enter 2024.