Discover Super specialises in the provision of specialised SMSF Services to Accountants around Australia. We have been providing their clients with a variety of SMSF Audit, SMSF administration and SMSF advice services for 15 Years and counting.
Services for Accountants
Is a Classic Car allowed as a SMSF Investment? I received an email the other day which asked. Are we able to purchase a classic car within our super still? Classic Cars can be purchased by a Self-managed Superannuation Fund (SMSF) provided they provided they are purchased and held in accordance with the superannuation legislation. Firstly, […]
$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 […]
CGT Relief The changes to superannuation announced in the 2016 Federal Budget have been passed by Parliament. Amongst the changes was legislation which provides CGT relief for members who are transferring assets out of retirement phase in 2016/17 to comply with the changes. In essence, the legislation allows you to reset the cost bases of […]
Over 65 work test for contributions Work Test over 65 years still exists In the 2016 Budget announcements the work test was going to be removed – however this was reversed several months later. Making concessional or non-concessional contributions for over 65’s is is possible, however you need to be aware of the rules. […]