Articles by Graeme Colley

Regulation

Behind the budget – the unwritten stuff

SMSFs residency requirements

The sector will await the next budget to see if the abolition of the active member test is part of moves to relax SMSF residency requirements.

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Contributions

Nuances of the NCC bring-forward rule

NCC bring-forward rule

A proper understanding of the bring-forward rule for non-concessional contributions is required to prevent taking steps that seem logical but may be illegal.

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Contributions, Strategy

Combined contribution strategy tax bonus

contributions reserving strategy

Combining carry-forward concessional contributions with the reserving strategy can result in a favourable tax outcome for SMSFs.

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Contributions, Pensions, Strategy, Superannuation, Tax

Year-end client considerations

financial year end

The end of financial year is arriving and planners need to ensure clients are prepared for SMSF financials and tax returns by 30 June.

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Strategy

Is bigger really better?

Graeme Colley assesses the potential benefits and drawbacks of the proposal to increase the maximum number of members in an SMSF from four to six.

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Retirement, Strategy, Superannuation

Transfer balance cap catches

If there’s something all laws have in them, it’s unintended consequences. The introduction of the transfer balance cap (TBC) is no exception. It’s got them, just like fleas on a dog’s back.

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Compliance

Purchasing property properly

FASEA; Graduate Diploma; bridging course

There are many ways an SMSF can purchase property. Knowing how a property can be acquired, as well as the compliance measures that must be adhered to, is critical, writes Graeme Colley.

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Strategy

Death benefits and the new way

The introduction of the $1.6 million transfer balance cap from 1 July will have a dramatic impact on the amount some people can have in retirement phase. It also means anyone providing advice on super may need to expand their horizons to cover estate planning in a much broader context.

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Strategy

Opportunity knocks

The proposed superannuation changes included in the 2016 federal budget and their implementation has presented some strategic opportunities for SMSF advisers and their clients. Graeme Colley outlines some areas members can use to their advantage.

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Business News

Putting the SG discussion on the right road

The current issues relating to whether employers have or have not paid the superannuation guarantee (SG) and the alleged rorts that have developed may not be as clear as they seem.

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