by Admin | Wed, May, 2024 | SMSF Gold Coast, SMSF News, SMSF Options
1. Personal income tax measures 1.1 Stage three personal tax cuts The Government has confirmed the revised stage three personal tax cuts that were announced prior to the Federal Budget being handed down and which have already been enacted into law. Refer to the...
by Admin | Wed, Apr, 2024 | SMSF Gold Coast, SMSF Options
ASIC has commenced the first prosecution action against a director for failing to comply with the obligation to have a director identification number (director ID). On 19 March 2024, a director appeared in the Downing Centre Local Court and was formally charged with...
by Admin | Thu, Mar, 2024 | Contributions, Uncategorized
Contribution limits 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, 2024, the non-concessional contribution...
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...
