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Super Technical Updates
Blog Updated: JobKeeper and Super Strategy Opportunities
July 22, 2020
Author: Jason Roccosalvo, Partner, TAG Financial Services Last updated: 24th July 2020 The Federal Government must of read our TAG Super Update because yesterday afternoon they announced an extension of the early release of super program to 31 December 2020. There was no adjustment to the qualifying criteria for this program. Read our updated article below: Following…
Increase in SMSF member numbers – government update
July 6, 2020
Author: Brenda Hutchinson, Partner, TAG Financial Services It’s good news that the Federal Government has now announced they are still committed to expanding the allowable members in SMSFs from 4 to 6 members. This change was originally announced in the 2018/2019 Federal Budget with a projected start date of 1 July 2019. The change to…
ATO changes interest rates for LRBAs
June 24, 2020
Author: Jason Roccasalvo, Partner, TAG Financial Services The ATO has recently updated their interest rates for Limited Recourse Borrowing Arrangements for 2020/21. These interest rates are for related party loans to an SMSF, for either real property or listed shares/units. The rates are relevant as they form part of the “safe harbour” provisions as advised…
