Best of Both Worlds

Access to relevant information and efficient time usage are two of a planner’s greatest challenges. Our SMSF administration service takes a proactive approach to providing advisers with the ability to provide a range of value-added services to their SMSF clients, but...

General Transfer Balance Cap to Increase

The latest CPI figures have been confirmed and will result in an increase to the general transfer balance cap from $1.9m to $2m from 1 July 2025. Contribution cap increases are measured against AWOTE so will not change though the application of the NCC 3 year bring...

Beware When Transferring Property Title

Like all other property owners in Australia, SMSF trustees must obtain a Clearance Certificate when selling or disposing (including in specie transfers) Australian real property and give it to the purchaser at, or before settlement. Without a clearance certificate,...

Legacy Pension Opportunity

New legacy pension regulations, applying from 7 December 2024, are now in force. They affect lifetime complying, life expectancy and market-linked pensions, reserve accounts and, by extension, flexi pensions. Essentially the new rules provide elegant solutions for two...

Are Transition to Retirement Pensions Still Useful?

Following the loss of tax concessions on fund earnings underpinning TRISs their popularity plummeted but they still have their uses. Quite apart from providing pre-retirement income, which is their actual purpose, they can also be useful in quarantining tax...

Recontribution Strategy Revisited

At the risk of appearing mundane, this week’s comment is on the well-established recontribution strategy. Its primary purpose is to reduce a member’s taxable component, thus reducing the tax payable by non-tax dependants on the member’s death. It can also be useful in...