$1.6 million transfer balance cap Amongst those changes introduced in the 2016 Budget was the $1.6 million transfer balance cap which limits the tax exemption for assets funding superannuation pensions. This new limit on superannuation will apply from 1 July 2017 and creates additional responsibilities for SMSF trustees. The main issues you need to be aware […]
When is an Actuarial Certificate Required? In an address to the Tax Institute in March 2015 Matthew Bambrick, ATO Assistant Commissioner for Superannuation, presented ‘some guidance around calculating and reporting ECPI (Exempt Current Pension Income). The common industry practice of Segregating Assets part way through the year and not obtaining an actuarial certificate was singled out as needing to change. […]
Your Children in your SMSF The average Australian SMSF has 1.8 members, less than 10% of these have more than 2 members within the fund. This in term collates with other research, suggesting that SMSFs, are now becoming the ‘Mum and Dad Fund’. Over the past decade, we have seen an increase in the diversification of […]
Documenting a SMSF Investment Strategy SMSFs offer members great benefits and incentives. Essentially, the amount of investments in which you elect to hold is entirely up to you and the diversification of your investment strategy options are almost limitless. It is vital that you ensure that your SMSF investments are being used for the sole […]
MSCJ Superannuation Service Changes Name MSCJ Superannuation Service Pty Ltd will officially become Discover Super Pty Ltd on the 9th February 2015. Please be advised that there is no change in our service, management or ownership of the business. By changing our name we hope to further grow our business and maintain our good reputation […]
