As you would be aware the budget was handed down on 3 May 2016. The potential impacts to superannuation are unfortunately significant and harsher than was alluded to prior to budget night. What does it mean for your right now? The only change that is in place from 3 May 2016 is the introduction of a life time limit on... More Information ▶
A common strategy implemented by business clients is to buy a commercial property (usually the premises from which their business is run) via their SMSF and then lease this property back to the related party. Borrowings are often used to finance the acquisition. The complexity arises when the related party tenant wants to make changes or improvements to the property,... More Information ▶
With 30 June only 2 weeks away its time to make sure you have everything in order for the end of the financial year. Here are our top tips to help: Make sure you have taken your minimum pension for the financial year, we have been busy reviewing all our funds to make sure you know where you're up to... More Information ▶
Aside from the emotional turmoil that a divorce brings to a family situation, there are an enormous range of financial issues to be worked through. Here we breakdown the key issues from an SMSF perspective: 1. Despite the extent of breakdown in the marriage, the law is very explicit about the expectations of all Trustees to continue to “act in... More Information ▶
The government has just announced that it had been successful in gaining support for the repeal in the Mining Tax Tax, but with that comes a freeze on the increase in Superannuation Guarantee Contributions (SGC). Until this year’s budget, the Labor government had SGC reaching 12% by 2019. This change sees it staying at 9.5% until 2021 before increasing in... More Information ▶
