The Contribution Reserving Season has Arrived

This is the month to consider contribution reserving or, more correctly, deferred allocation of contributions. Subject to the SMSF deed, a contribution is not required to be allocated to a member account until 28 days into the following month so a contribution made in...

The Demise of the Unused Concessional Contribution?

A member with a total super balance of less than $500k, as at the end of the previous financial year, can make a personal concessional contribution based on this year’s cap plus the unused portion of the caps for the previous 5 years. This can amount to a substantial...

Child Abuser’s Can’t Hide Their Super

The Government has passed legislation allowing victims and survivors of child sexual abuse to access offenders’ superannuation contributions where court-ordered compensation remains unpaid. Under the legislation, victims and survivors can apply for a court order to...

The Budget & Div 296 Tax

This budget perversely supports the remain-in-super alternative – not by what has changed in super but, rather, by what hasn’t. Considerations surrounding the withdrawal from superannuation to invest individually, or via a discretionary trust, as a response to Div 296...

Beware Div 296 Hallucinations!

Following user feedback, our Div 296 Modelling Tool has been improved. It now shows the significance of the more important assumptions so you can see why the result you are receiving is not intuitively obvious. Let me illustrate this by way of an example. John is 65,...

End of Year Bumper Checklist

It’s that time of year again when we look to tidy up all those end-of-year items. I don’t usually use AI for this blog, but I got it to help me this time – to make sure I didn’t miss anything. What Must Be Done Before 30 June Contributions...