News : Strategy

Use separate account for injury contribution

November 7, 2024

Personal injury Contribution Tax-free component Accumulation account Pension

Directing a personal injury contribution into a separate super account can offer greater tax benefits as it helps maintain the tax-free status of the income stream.

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Pensions, Regulation, Strategy

TTR strategy holds up amid changes

Concessional contribution cap Stage three tax cuts Superannuation guarantee Transition-to-retirement pension TTR Colonial First State Tim Sanderson

November 4, 2024

Todd Wills

The merits of implementing a transition-to-retirement income stream have not been dulled by recent changes to certain superannuation parameters.

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Contributions, SMSF, Strategy

Revaluations can allow carry forward rule use

Concessional contribution Unused concessional contribution Total super balance

October 3, 2024

Jason Spits

Revaluing the assets of an SMSF can ensure the members will be able to utilise the carry forward concessional contributions provisions.

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Contributions, Strategy

Contribution split equal balance not required

Contribution splitting Concessional contribution Spouse Age pension

September 16, 2024

Jason Spits

Using contribution splitting to intentionally keep super balances uneven is a legitimate strategy that opens up other opportunities for members to access or grow their funds.

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Pensions, Strategy, Tax

Pension rules impact Div 296 tax

SMSF Self-managed superannuation Reversionary pension DBA Lawyers Bryce Figot Division 296 tax

July 31, 2024

Darin Tyson-Chan

SMSF members who are death pension recipients can expect to have a reduced Division 296 tax liability if the income stream was non-reversionary.

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ATO, Contributions, SMSF, Strategy

Recontribution tax benefits okay

ATO PBR Withdrawal Recontribution strategy

June 26, 2024

Darin Tyson-Chan

Several tax benefits resulting from a withdrawal and recontribution strategy have been deemed legal in a recent ATO private binding ruling.

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Contributions, SMSF, Strategy, Tax

A real opportunity to maximise tax deductions

SMSF Contribution reserving Double deduction strategy

June 20, 2024

Susan O'Connor

The 2024 income year is offering up a good opportunity for SMSF members to enjoy a significant tax benefit from contributing to their fund.

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Contributions, SMSF, Strategy, Tax

Deadline looms for double deduction strategy

May 22, 2024

Todd Wills

SMSF trustees looking to reduce the amount of tax they pay through the use of the double deduction contribution strategy must act by the end of June.

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Death benefits, SMSF, Strategy, Tax

Consider deduction instead of wind-up

SMSF Death benefit Future services deduction Death Disability Wind-up

April 22, 2024

Todd Wills

Trustees should consider a lesser-known tax deduction as a viable alternative to closing down their SMSF when a member is approaching a death or incapacity event.

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Investments, SMSF, Strategy

Investment strategy errors shared

March 28, 2024

Darin Tyson-Chan

The common mistakes SMSF trustees make over the fund’s investment strategy have been highlighted by a senior industry executive.

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