News : Superannuation

Business News, Superannuation

AMP releases new super podcast

AMP superannuation podcast

AMP has launched a podcast series aimed at improving Australians’ knowledge and understanding of the super system.

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Superannuation

Timing critical for contribution splitting

contribution splitting timing

Timing is essential for the successful application of contribution splitting strategies, a technical expert says.

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Superannuation, Tax

Indexation preparation lax

TBC indexation

Nearly two thirds of financial advisers and accountants are yet to determine the effect transfer balance cap indexation will have on their client bases.

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Superannuation

Accounting bodies raise bill objections

Your Super bill objections

CPA Australia and Chartered Accountants Australia and New Zealand have raised concerns about a superannuation bill in a joint Senate committee submission.

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Strategy, Superannuation

Peak TBA level fixes indexation

Peak TBA indexation

The highest recorded transfer balance account amount determines how much of the transfer balance cap indexation an individual is entitled to use.

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Superannuation, Technology

SuperStream assistance will pay off in future

Superstream rollovers

SMSF practitioners should take a proactive approach to ensuring clients’ funds are ready for the SuperStream system, particularly if fund rollovers are likely to happen in the near future.

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Documentation, Superannuation

New rollover verification for APRA funds

rollover verification APRA SMSF

APRA-regulated funds dealing with a rollover to an SMSF will be required to use a new ATO verification service that came online this month.

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Superannuation, Tax

Segregation a potential tax rort

Asset segregation tax avoidance

Asset segregation will not protect trustees seeking a tax avoidance arrangement, with the ATO watching these situations, a technical expert has advised.

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Superannuation

Six-member fund ideal asset holding structure

Six-member asset holding

The use of larger SMSFs as asset holding structures was overlooked in the government’s promotion of them as family super vehicles.

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Strategy, Superannuation

Contributions cap breach not catastrophic

Contributions cap breach

A breach of the contributions caps is not a complete disaster as it does not even constitute contravening the superannuation legislation.

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