by Ben Smith | Jul 29, 2021 | SMSF Specialists
From 1 July 2021, the rate of super guarantee increased from 9.5% to 10%, businesses using manual payroll processes should be careful that this change doesn’t lead to unintended underpayment of super which may attract penalties. The rate you use to calculate super...
by Ben Smith | Sep 15, 2020 | SMSF Specialists, Tax & Estate Planning
A recent ATO private ruling considered the implications of withdrawing superannuation when a member is terminally ill. Before passing away, the deceased gave instructions to the trustee to withdraw her entire balance from superannuation. Her superannuation consisted...
by Ben Smith | Feb 10, 2020 | Financial Planning, SMSF Specialists
One of the key topics covered at the 2020 Tamworth Business Summit is “future proofing your business” and Paul Williams from our Specialist Tax & Estate Planning (STEP) team and Financial Planner, Kylie Alcorn will be presenting workshops at the event...
by Ben Smith | Jul 8, 2019 | SMSF Specialists
From 1 July 2018, individuals with total superannuation balances below $500,000 have been allowed to carry forward the unused portion of their Concessional Contribution cap for up to 5 years (rolling period). Examples of concessional contributions are employer...
by Ben Smith | Jun 25, 2019 | SMSF Specialists
From 1 July 2019, the Protecting Your Super reforms will commence. It’s important to understand how these changes will impact you – particularly where you have a super fund being maintained for insurance purposes only. Superannuation reforms announced in February will...
by Ben Smith | Apr 17, 2019 | SMSF Specialists
The federal election has been called for 18 May 2019 and both major parties have outlined their superannuation and tax policies. With the federal election only weeks away many of our clients have been asking what the major political parties’ policies are that may...
