We often get questions from clients about what they can and cannot do in their SMSF. Often the questions relate to related party transactions – that is, interactions between the SMSF, its assets, and its members (or relatives of members). We’ve set out some of the common questions
With the 2021 financial year coming to a close we’ve summarised the key 1 July 2021 changes and their implications for the next financial year.
Super guarantee rate increase to 10%
On 1 July 2021, the Superannuation Guarantee (SG) rate will rise from 9.5% to 10% – the first rise
Are you ready for the end of the financial year?
With only a few days left in the 2021 financial year, we have one last tax strategy to share with you.
In this episode, Ryan Sheppard discusses superannuation deductions.
What are superannuation deductions?
Watch episode 6 now and find out!
About this time every financial year, it’s an excellent time to review any super contribution opportunities. However, since March 2020, there has been high volatility in investment markets, which may have created extra potential for clients to benefit. There have also been changes to super contribution rules over the last few years
The Government has resurrected the Superannuation Guarantee (SG) amnesty giving employers that have fallen behind with their SG obligations the ability to “self-correct.” This time, however, the incentive of the amnesty is strengthened by harsh penalties for those that fail to take action.
The super guarantee amnesty is a one-off opportunity to correct
Recent changes to the superannuation monitoring and reporting regime means that self-managed superannuation funds (SMSF) will increasingly be required to provide real time and up-to-date data throughout the year as opposed to the more traditional annual reporting.
AH Jackson and Co partner, Elias (Leo) Manicaros said the complex changes which came into effect on 1