Category Archives: Contributions

Government announces Super changes

On Friday 5 April 2013 the Minister for Financial Services and Superannuation, the Hon Bill Shorten MP, and the Deputy Prime Minister and Treasurer, the Hon Wayne Swan MP, announced the Government’s proposed changes to the superannuation laws.  The Government have aimed the changes at […]

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SMSF trustees cautioned on ATO approach

The Australian Taxation Office’s (ATO’s) broad-brush approach to self-managed superannuation funds (SMSFs) this financial year is likely to generate an upturn in audit activity, according to specialist law firm Hall and Wilcox. In an analysis of the ATO’s compliance program for 2012/13, Hall and Wilcox […]

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EOFY: Review of super contribution essential

To avoid clients being hit with tax penalties on excess contributions advisers should be reviewing their salary sacrificing arrangements, according to industry experts. The concessional super contributions cap is legislated to reduce from $50,000 to $25,000 on 1 July and the reduction of the cap […]

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