by Admin | Thu, Mar, 2024 | Contributions, Uncategorized
The limits for concessional and non-concessional contributions are slated to increase for the 2025 income year. Here are the specifics: Effective from July 1, 2024, the concessional contribution cap will be raised from $27,500 to $30,000. Similarly, commencing July 1,...
by Admin | Mon, Nov, 2021 | Uncategorized
Overview The Transfer Balance Cap (TBC), which became effective from 1 July 2017, was broadly introduced to limit, or restrict, the amount that individuals are able to transfer into retirement phase pensions. Under this framework, the amount transferred into...
by Admin | Wed, Jun, 2013 | Contributions, Property, SMSF News, Tips and traps
With the end of the financial year less than three weeks away, cashed-up property investors should be cognisant of the amount of the money they contribute to their funds. The ATO has issued a reminder that there caps on the amount you can contribute to your...
by Admin | Mon, Apr, 2013 | SMSF News
Self-managed superannuation fund (SMSF) holders should plan their legacy as carefully as they do their investments, as a will may not be sufficient to ensure their money goes to the people its intended for. According to TAG Partners director Michelle Griffiths a...
by Admin | Tue, Apr, 2013 | SMSF News, Trustee
Industry and retail superannuation funds criticise the rapid growth of the SMSF sector mainly on the grounds that much larger funds can better manage and invest the savings of ordinary Australians. The reality is that with a few rare exceptions, public offer funds...