SMSF Matters – April 2019

SMSF News: 17/05/2019

Hello and welcome to another edition of SMSF Matters April 2019. The 2019 Federal Budget has proven to be a quiet affair for SMSFs and superannuation with the Government choosing to largely leave superannuation policy untouched. As you would be all well aware since the budget, the Prime Minister Scott Morrison has announced the Federal...

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Do you have more than $1.6 million of superannuation in pension phase? If so, you need to act prior to 1 July, 2017.

General News / SMSF News: 19/04/2017

As a result of the 2016 Federal Budget, the government introduced new legislation which has resulted in a $1.6 million cap being placed on total superannuation in pension phase. This means that each member’s total account based pension balance cannot exceed $1.6 million.  This limit does not include any transition-to-retirement pension (TRIP) accounts as, from...

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Everyone Needs a Buffer

SMSF News: 15/02/2017

From a recent review regarding savings patterns and lending practices within Australia and comparing it to the UK there is a strong argument all consumers should be trying to saving at least 10% of their income. As per responsible lending principles there is a push for Banks to incorporate this into their credit assessments to...

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Ensure your Ballarat SMSF is ready for superannuation reforms

SMSF News: 14/12/2016

Legislation to implement the Federal Government’s superannuation reforms passed on 23 November, 2016. As your Ballarat SMSF compliance specialists, Mulcahy & Co accountants can help ensure your SMSF is fully compliant when taxation and superannuation laws change. You can find out about the changes be reading our SMSF Matters newsletter. The good news is that none of...

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What is a Self Managed Super Fund (SMSF)?

SMSF News: 20/01/2016

What is a Self Managed Superannuation Fund (SMSF) and is a SMSF something you should be considering? Over the past decade the growth of the Self Managed Superannuation Fund (SMSF) industry has accelerated with more than one million Australians now a member of an SMSF, representing close to a third of the superannuation industry’s assets....

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