News : Contributions

Contributions, Legislation, Superannuation

Super is one controllable wealth aspect

Superannuation is one element people can and should control when assessing their wealth accumulation strategy in a challenging economy.

Superannuation is one element people can and should control when assessing their wealth accumulation strategy in a challenging economy.

read more
Compliance, Contributions, Legislation, Regulation

Contributions de minimis tool gone

Superannuants can no longer rely on the ATO exercising a de minimis rule for small amounts of money triggering excess contributions.

Superannuants can no longer rely on the ATO exercising a de minimis rule for small amounts of money triggering excess contributions.

read more
Compliance, Contributions, Legislation, Regulation

General TBC to increase to $2.1 million

The general transfer balance cap will undergo its third increase in four years after inflation spiked at the end of last year.

The general transfer balance cap will undergo its third increase in four years after inflation spiked at the end of last year.

read more
Contributions, Superannuation

Missed SG exemption may not be problem

Failing to exempt an employer from SG contributions may not be critical for some superannuants if it does not alter their tax position.

Failing to exempt an employer from SG contributions may not be critical for some superannuants if it does not alter their tax position.

read more
Contributions

Payday Super checklist released

The ATO has released a checklist for employers to assist them in their efforts to prepare for the new Payday Super regime taking effect in July.

The ATO has released a checklist for employers to assist them in their efforts to prepare for the new Payday Super regime taking effect in July.

read more
Contributions

Contribution age limit strictly applied

There is no flexibility that is applied to the age limit restriction of whether a trustee can accept a contribution from a member.

There is no flexibility that is applied to the age limit restriction of whether a trustee can accept a contribution from a member.

read more
Compliance, Contributions, Legislation, Strategy, Tax

Recontributions should not be excessive

Using a recontribution strategy to wipe large tax components from superannuation savings is likely to be considered tax avoidance.

Using a recontribution strategy to wipe large tax components from superannuation savings is likely to be considered tax avoidance.

read more
Contributions, Legislation, Regulation

Contributions caps set to rise in 2026

The recent movement in AWOTE figures indicates the superannuation contributions caps are set to increase from 1 July 2026.

The recent movement in AWOTE figures indicates the superannuation contributions caps are set to increase from 1 July 2026.

read more
Compliance, Contributions, Strategy

Recontribution strategy basics an issue

Some withdrawal and recontribution strategies are triggering compliance breaches because members have not satisfied a full condition of release.

Some withdrawal and recontribution strategies are triggering compliance breaches because members have not satisfied a full condition of release.

read more
Contributions, Downsizer

Downsizer extensions very rigid

An application to have the downsizer contribution deadline extended will only be successful if there is a legitimate reason behind the request.

An application to have the downsizer contribution deadline extended will only be successful if there is a legitimate reason behind the request.

read more

Copyright © SMS Magazine 2026

ABN 80 159 769 034

Benchmark Media

WordPress website development by DMC Web.